Posts tagged international law
NAFTA Update*

Negotiations with Canada to redraw the North American Free Trade Agreement (NAFTA) concluded on Friday, August 31 with no agreement in place due to lingering divisions and President Trump’s unwillingness to offer any concessions. However, earlier this week Mexico and the US came to an agreement regarding two provisions that will impact the automobile industry.   

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The Foreign Corrupt Practice Act and Cross-Border M&A*

The United States Foreign Corrupt Practice Act (FCPA) was passed in 1977 and is now the most widely enforced anti-corruption law. The FCPA contains two main elements: (1) the anti-bribery provision, which prohibits U.S. firms, companies, and individuals from paying bribes to foreign officials for the advancement of a business deal; and (2) the accounting provision, which requires U.S. and foreign public companies to create, implement, and maintain accurate books, records, and internal accounting systems.

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