News & Analysis as of

Foreign Corrupt Practices Act (FCPA) Contract Terms

Foley & Lardner LLP

Legal Risks in Outsourcing Agreements and Global Supply Chain Management

Foley & Lardner LLP on

Businesses evaluate different strategies to find the most effective way to minimize costs and bring their products to the market. One of those strategies is outsourcing, which involves arranging for a third party to perform...more

The Volkov Law Group

Contract to Invoice to Payment (“Tinkers to Evers to Chance”) (Part II of II)

The Volkov Law Group on

The SEC knows that it has powerful enforcement tools. The FCPA imposes two important requirements on issuers – keep accurate books and records and maintain internal controls to ensure that management’s accounting controls...more

Hogan Lovells

GMCQ: Global Media, Technology and Communications Quarterly – Spring/Summer 2020

Hogan Lovells on

COVID-19 and IT service provider contracts: A checklist for force majeure events - The COVID-19 pandemic, and the various restrictions that have been implemented in response to it, are causing extraordinary business...more

Thomas Fox - Compliance Evangelist

Compliance Responses to Bribery Schemes

Yesterday, I looked at some of the more creative bribery schemes identified in 2019 Foreign Corrupt Practices Act (FCPA) enforcement actions. They were schemes involving distributors, joint ventures (JVs) and fraudulent...more

Eversheds Sutherland (US) LLP

Hotel management and license agreements - major issues in dealing with US hotel brands

Global growth opportunities - In recent years, most of the major US-based hotel brands have sought growth opportunities abroad, particularly in emerging market locations. These opportunities may come in the form of...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part III: Performance Obligations

This week I am exploring the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), for public business entities, certain not-for-profit...more

Thomas Fox - Compliance Evangelist

New Revenue Recognition Standard – Part II: Contracts

This week I am exploring the Financial Accounting Standards Board (FASB) issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (Topic 606), for public business entities, certain not-for-profit...more

Thomas Fox - Compliance Evangelist

Hallmark 7-Third-Party Due Diligence and Payments

There are five steps in the life cycle of third party management. - Business Justification and Business Sponsor; - Questionnaire to Third Party; - Due Diligence on Third Party; - Compliance...more

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