FCPA, UKBA, and International Arbitration: Dealing with Corruption in Latin America
Article from: TDM 2 (2016), in Latin America
For the past decades Latin America has become a bright spot for foreign investors, particularly in the field of natural resources. However, the widespread bribery and corruption have made entering into or expanding business in Latin America a risky endeavor. In this regard, the application of extraterritorial regulatory regimes, such as the U.S. Foreign Corrupt Practices Act (FCPA) and the U.K. Bribery Act (UKBA), are likely to have far-reaching effects on foreign direct investment (FDI) in the region. This article will focus on two aspects of anti-corruption compliance in the ...