Darshak S. Dholakia

darshak-dholakia

Darshak S. Dholakia

Partner

Washington, D.C. | 1900 K Street, NW, Washington, DC, United States of America 20006-1110
+1 202 261 3467 | +1 202 261 3333

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Darshak S. Dholakia primarily advises on compliance with international trade laws, including economic sanctions programs administered by the Office of Foreign Assets Control (OFAC), anti-money laundering (AML) provisions of the USA Patriot Act, the Foreign Corrupt Practices Act (FCPA) and other anti-corruption laws, and export controls (Export Administration Regulations (EAR), the International Traffic in Arms Regulations (ITAR), and the Part 110 and 810 nuclear export control regulations). Mr. Dholakia regularly conducts internal investigations, develops compliance programs, oversees risk assessments, conducts due diligence for corporate transactions and interacts with government agencies in relation to compliance and enforcement-related proceedings.

Mr. Dholakia also advises clients in connection with transactions implicating national security reviews conducted by the Committee on Foreign Investment in the United States (CFIUS). He has represented foreign investors and acquirers and domestic sellers and targets in connection with many dozens of investment transactions, and, when necessary and appropriate, he has negotiated national security agreements in order to secure CFIUS approval.

Mr. Dholakia is co-author of the United States chapter of Global Legal Insights - Bribery & Corruption, a book covering bribery and corruption law in 27 jurisdictions that provides an overview of the law and enforcement regime, enforcement activity during recent years, issues relating to investigation and enforcement decisions, corporate liability and proposed reforms in the years ahead. Mr. Dholakia also has authored articles for the Global Trade and Customs Journal and the Anti-Corruption Report and has provided commentary for Bloomberg and Law360. In recognition of his significant work on pro bono matters, Mr. Dholakia has made the Capital Pro Bono Honor Roll numerous times, an initiative sponsored by the District of Columbia Court of Appeals and the Superior Court of the District of Columbia.

Prior to joining Dechert, Mr. Dholakia was an associate in the international trade and investment group of an international law firm. He also previously clerked in the United Nations Office of Legal Affairs.

Experience
  • Conducted anti-bribery investigations in various Latin American countries on behalf of a publicly-traded medical device company.
  • Represented senior officials of a publicly-traded high technology company in anti-bribery investigations by the U.S. Department of Justice and Securities & Exchange Commission.
  • Negotiated a settlement agreement with the U.S. Treasury Department related to violations of economic sanctions on behalf of a global travel services company.
  • Represented an Asian sovereign wealth fund before CFIUS in connection with multiple investments in U.S. companies.
  • Conducted a risk assessment and implemented related to the global anti-financial crimes compliance program of a major investment management firm.
  • Conducted an internal investigation in response to a whistleblower report alleging anti-bribery violations on behalf of a publicly-traded high technology company.
  • Conducting international trade compliance due diligence in connection with corporate transactions involving sellers and buyers in a broad range of industries, including the travel, manufacturing, financial services, and telecommunications sectors.
  • Advising and conducting training session for investment advisers, mutual funds, and other financial services companies regarding compliance with economic sanctions, anti-bribery, and anti-money laundering laws.
  • Advising various multinationals with respect to sufficiency of compliance policies and procedures and suggested improvements reflecting risk assessments and global best practices.
Education
  • Yale University, B.A., 2004, with Distinction
  • Columbia Law School, J.D., 2007
Admissions
  • New York
  • District of Columbia
Languages
  • Gujarati
  • Hindi
  • Spanish
Memberships
  • South Asian Bar Association
  • American Bar Association
  • American Society of International Law
Speaking Engagements
  • Trade and Investment as a Tool of Foreign Policy — New England Legal Foundation, Boston (June 12, 2019)
  • Hurricanes in the Caribbean: Recent Developments in Venezuela, Puerto Rico and More – Dechert Distressed Investing Forum, New York, NY (October 18, 2018)
  • Russia Sanctions Briefing  — Dechert Russia LLC, Moscow (February 1, 2018)
  • U.S. and Other Global Foreign Investment Controls on the Mining Sector – 63rd Annual Rocky Mountain Mineral Law Institute, Santa Fe, NM (July 21, 2017)
  • Implementation Day: Understanding the Impact of Changes to Iran Sanctions on Your Business — Dechert LLP, Washington, D.C. (January 21, 2016)
  • US Nuclear Export Controls and Proposed Changes to the Part 810 Regulations — DC American Nuclear Society, Washington, D.C. (February 7, 2013)
  • Anti-Corruption Compliance Concerns and Other Considerations for International Sales Activities — Medical Device Manufacturers Association Compliance Workshop, Waltham, MA (November 1, 2012)