Anti-corruption due diligence in cross-border M&A - .PDF file.
Global enforcement of anti-corruption laws is at an all-time high and unlikely to recede any time soon. Accordingly, it is imperative that companies conduct adequate anti-corruption due diligence in connection with their merger and acquisition activity. Failure to do so exposes a buyer to potential successor liability, which can result in huge fines and penalties, often months or years after a deal is closed. Potentially even worse, a buyer who fails to conduct adequate anti-corruption due diligence may find after closing that it has purchased sales that cannot be sustained without illegal bribery.
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