The Foreign Corrupt Practices Act Sample Clauses
The Foreign Corrupt Practices Act (FCPA) clause prohibits parties from engaging in bribery or corrupt practices involving foreign officials. In practice, this clause requires all parties to refrain from offering, promising, or giving anything of value to influence foreign government decisions or secure improper business advantages. It typically applies to international transactions and mandates compliance with anti-corruption laws, often requiring parties to implement internal controls and report any violations. The core function of this clause is to ensure legal compliance and ethical conduct in international business dealings, thereby reducing the risk of legal penalties and reputational harm.
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The Foreign Corrupt Practices Act. The Foreign Corrupt Practices Act of 1977 (“FCPA”), as amended, Title 15, United States Code, Sections 78dd-1, et seq., was enacted by Congress for the purpose of, among other things, making it unlawful for certain classes of persons and entities to act corruptly in furtherance of an offer, promise, authorization, or payment of money or anything of value to a foreign government official for the purpose of securing any improper advantage, or of obtaining or retaining business for, or directing business to, any person. The FCPA also requires that any issuer of securities shall make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer.
The Foreign Corrupt Practices Act. The Foreign Corrupt Practices Act of 1977 (“FCPA”), as amended, ▇▇▇▇▇ ▇▇, ▇▇▇▇▇▇ ▇▇▇▇▇▇ Code, Sections 78dd-l, et seq., was enacted by Congress for the purpose of, among other things, making it unlawful for certain classes of persons and entities to act corruptly in furtherance of an offer, promise, authorization, or payment of money or anything of value to a foreign government official for the purpose of securing any improper advantage, or of obtaining or retaining business for, or directing business to, any person. The FCPA also requires that any issuer of securities shall make and keep books, records, and accounts, which, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the issuer.
The Foreign Corrupt Practices Act. 1. The Foreign Corrupt Practices Act of 1977, as amended, Title 15, United States Code, Sections 78dd-1, et seq. (“FCPA”), was enacted by Congress for the purpose of, among other things, making it unlawful to act corruptly in furtherance of an offer, promise, authorization, or payment of money or anything of value, directly or indirectly, to a foreign official for the purpose of obtaining or retaining business for, or directing business to, any person.