Anti-bribery, corruption and disputes - it's not as easy as ABCD

Foreign Corrupt Practices Act (“FCPA”)

For energy, mining, and resources companies, the cost of corruption—and getting caught—is real. Less than two months ago, Odebrecht S.A. was ordered by a U.S. federal judge to pay a fine exceeding US$2.6 billion in connection with bribery and other illegal conduct relating to Brazil’s Operation Lava Jato, with US$93 million going to the U.S., US$2.39 billion to Brazil and US$116m to Switzerland. Earlier this year, Sociedad Química y Minera de Chile S.A., a Chilean chemicals and mining company, paid US$30 million in civil and criminal penalties related to bribery charges[1]. In 2010, a global freight-forwarding company and six oil-and-gas service companies paid a total of US$236.5 million in criminal and civil penalties and disgorgement for bribing foreign officials.

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