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ARTICLE · 29 JUNE 2010

Corruption Digest - June 2010

Dorsey & Whitney LLP
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Welcome to Dorsey & Whitney's monthly corruption digest. Anti-corruption enforcement crosses boundaries like no other, so keeping up to date is more important than ever.

United StatesCriminal Law
Nick Akerman
Nick Akerman
Nicholas Burkill
Nicholas Burkill

THE USA Investigations

A range of companies have disclosed that they are conducting internal investigations regarding potential violations of the Foreign Corrupt Practices Act (FCPA) or are subject to governmental investigations regarding such violations. For example, Weatherford International Ltd., an oil and gas company, which has been conducting an internal investigation regarding bribery issues in Europe and West Africa, reported that it spent $106 million on said investigation.

Avon Products Inc., which recently suspended executives in China because of a major bribery probe, expects that a related investigation will cost as much as $95 million this year. That figure would constitute more than 50% of Avon's reported free cash flow.

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