Understanding Foreign Franchisee/Licensee Corruption Risks
The world may be getting smaller, but the key legal risks affecting those with foreign business are only getting bigger. And nowhere is this truer than for those (many!) franchisors and licensors doing brisk business and inking new deals in emerging and "frontier" markets marred by high levels of public corruption.
This, however, will not be another article about how the U.S. Foreign Corrupt Practices Act and associated (but generally less-understood) money laundering proscriptions have become industry-agnostic, global phenomena stoking compliance worries about overseas joint venture partners, foreign subs, and local company operations in boardrooms around the globe.
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Before proceeding, please note: If you are not a current client of Perkins Coie, please do not include any information in this e-mail that you or someone else considers to be of a confidential or secret nature. Perkins Coie has no duty to keep confidential any of the information you provide. Neither the transmission nor receipt of your information is considered a request for legal advice, securing or retaining a lawyer. An attorney-client relationship with Perkins Coie or any lawyer at Perkins Coie is not established until and unless Perkins Coie agrees to such a relationship as memorialized in a separate writing.