Darshak S. Dholakia
Washington, D.C. +1 202 261 3467
In recent years, both the United States Department of Justice (DOJ) and the Securities and Exchange Commission (SEC) have stepped up their enforcement of the Foreign Corrupt Practices Act (FCPA), including to address violations in India, resulting in an uptick in anti-corruption efforts in India in the last five years.
At the same time, multinational corporations consider the risks associated with acquiring, investing in, entering into a joint venture or otherwise partnering with an Indian corporation that does not have a robust compliance program to be quite high, perhaps unacceptably so.
Indian corporations and multinationals conducting business in India that take a proactive approach to compliance therefore will not only protect themselves from violations but also will enjoy a competitive advantage over peer companies that do not.
For more information on recent FCPA enforcement actions in India and the steps that companies operating there should take to strengthen their compliance efforts, read our white paper: