Foreign Corrupt Practices Act Update

The Foreign Corrupt Practices Act (FCPA) is an important statute that helps reduce corruption and reinforce public and investor confidence in markets throughout the world. The primary aim of Congress in enacting the FCPA was to prohibit US companies from paying or offering bribes to foreign government officials for the purpose of obtaining or retaining business advantages. Justice Department officials say strong enforcement of the law helps create a level playing field in business transactions by eliminating corruption from the equation. There is, however, substantial confusion over what is legal and what isn’t – especially in the murky area of business dealings with managers and employees of state-owned enterprises. What do managers in Vietnam need to know about the FCPA? What enforcement trends are worrying managers? Are you at risk for making a donation to a charity connected to the Vietnamese government? Are covering flight costs on a business trip considered a bribe? What can you do to better protect your operation in Vietnam? Don’t miss this opportunity to Lunch-n-Learn with AmCham on September 12 to discuss this important and practical management topic with guest speaker Sesto Vecchi from the law firm of Russin & Vecchi.

About the guest speaker:

Sesto Vecchi manages the Vietnam practice group of the law firm of Russin & Vecchi. He has lived and practiced law in Vietnam for 25 years. Sesto first came to Vietnam in 1965 as a US Navy Lieutenant on special assignment. Upon his discharge from the Navy in 1966, he returned to Vietnam and opened Russin & Vecchi’s office. He practiced law in Vietnam until 1974 before moving to Thailand and New York. In early 1993, Sesto reopened the firm’s Vietnam offices and has lived continuously in Vietnam since that time. Sesto earned a degree in Economics from the Wharton School of the University of Pennsylvania, and received his law degree from Temple Law School. He is a member of the bars of New York and Washington, DC.  Sesto is a long-time member of AmCham and is also a member of the Council on Foreign Relations.

EVENT:   AmCham Lunch-n-Learn on the FCPA
DATE:    Wednesday, September 12
TIME:    12:00pm – 1:45pm
PLACE:   Melia Hanoi, 44B Ly Thuong Kiet Street
COST:    VND 650,000 (members); VND 900,000 (non-members)

AmCham knows that our members promote organizational culture that encourages ethical conduct and a commitment to compliance with the law. However, are you sure that your company is setting and communicating “the right tone at the top”? Are you sure you are effectively assessing your FCPA risk? Don’t miss this opportunity to Lunch-n-Learn with AmCham on September 12 to discuss this important and practical management topic. Sesto will discuss recent changes in FCPA enforcement intended to accelerate resolution of investigations. He will review some notable cases and the impact of whistleblowing on enforcement. Sesto will also discuss the FCPA in a Vietnam-context to make sure you are effectively assessing your FCPA risk.

Please register your participation in this event by clicking on the button below or by calling the AmCham office at (84) 24.3934.2790.