SEC’s Announcement of Chief of FCPA Unit Signals Possible Anti-Bribery Enforcement Focus on Non-U.S. Issuers
Non-U.S. companies traded on the United States stock exchanges, take notice: you may be receiving increased attention from the U.S. Securities and Exchange Commission’s (“SEC’s”) anti-bribery arm.
This client alert by members of Reed Smith’s anti-corruption team explains how recent statements by the SEC’s leadership – including the new Chief of the SEC’s FCPA Unit – signal the American regulator’s intent to “level the playing field” by stepping up its investigations and enforcement of companies worldwide, and what non-U.S. issuers can do to prepare.
This client alert was originally published in Practical Law Arbitration. Reproduced with permission. This client alert is co-written by Reed Smith Pte Ltd and Resource Law LLC who together form the Reed Smith Resource Law Alliance in Singapore. Reed Smith Pte Ltd is licensed to operate as a foreign law practice in Singapore. Where advice on Singapore law is required, we will refer the matter to and work with licensed Singapore law practices where necessary.
In Prometheus Marine Pte Ltd v King, Ann Rita and another appeal  SGCA 61, the Singapore Court of Appeal considered an appeal that arose out of two applications seeking relief to set aside an arbitration award.
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