May 28, 2010

The New UK “Financial Services Act 2010” Makes Significant Reforms

On the heels of the passing of “The Financial Services Act 2010,” the United Kingdom’s new coalition government announced that it will not disband the Financial Services Authority – sparing the country’s financial regulator from abolishment. Learn more in this memo in our “European Law” Practice Area.

Sometime today, the UK’s Financial Reporting Council is likely to announce changes to the UK’s “Combined Code on Corporate Governance.”

First DOJ Opinion in ’10 Permits Payment to Foreign Official

Last month, the DOJ issued its first opinion of the year – Opinion Procedure Release No. 10-01 – in which it announced that it would not take enforcement action under the Foreign Corrupt Practices Act against a U.S. company that proposed to pay a foreign official for services the foreign official would provide on behalf of the US company. Learn more in this memo posted in our “Foreign Corrupt Practices Act” Practice Area.

Stayed tuned for this upcoming webcast: “Critical FCPA Diligence in Deals Today.”


– Broc Romanek