US DoJ and SEC guidance on the Foreign Corrupt Practices Act
For the past 10 months, the US Department of Justice and the Enforcement Division of the Securities and Exchange Commission have advised the public that they are in the process of drafting guidance for companies regarding the requirements of, and prohibitions within, the US Foreign Corrupt Practices Act. Recently, the DoJ and SEC have indicated that such guidance will be released soon. This Commentary highlights areas that, we expect, will be addressed by the DOJ and SEC in their upcoming publication.
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The Department of Justice has filed a civil antitrust lawsuit challenging the $20 billion proposed acquisition by Anheuser-Bush InBev of the remaining 50 per cent interest in Grupo Modelo S.A.B. de C.V.