Overview
Inside Counsel quoted Lucinda Low in an article titled “What Anheuser-Busch’s FCPA Case Tells Us About FCPA, Whistleblower Protection.” The article, published October 11, discusses some important lessons for in-house attorneys on whistleblowers and provisions under the Foreign Corrupt Practices Act (FCPA) after a settlement between the Securities Exchange Commission and Anheuser-Busch InBev.
Ms. Low, who heads Steptoe’s Regulatory, Enforcement, and Public Policy Department, says there are lessons here for other companies. “This case is a reminder of the risks that can be presented by non-controlled foreign joint ventures. The FCPA provides that with respect to minority-owned joint ventures (such as the one here), the issuer has only to use good faith efforts to cause compliance on the part of the JV [joint venture] with the FCPA’s accounting provisions.”
The full article can be read at Inside Counsel (subscription required).