US DoJ provides FCPA guidance for mergers and acquisitions
Recently, the Department of Justice reaffirmed its guidance as to what it views as the proper Foreign Corrupt Practices Act compliance procedures in the context of mergers and acquisitions. On 17 July 2012, the Department announced a Non-Prosecution Agreement with The NORDAM Group Inc, an Oklahoma-based company that provides aircraft maintenance, repair, and overhaul services. On 7 August 2012, the Department announced a Deferred Prosecution Agreement with Pfizer HCP Corp, an indirect wholly owned subsidiary of the global pharmaceutical company, Pfizer Inc.
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A panel of three judges in the DC Circuit stunned Washington on Friday by striking down President Obama’s recess appointments to the NLRB in Noel Canning v NLRB on a basis much more sweeping than had been anticipated.
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