Foreign Corruption and Deferred Prosecution Agreements – Lessons for Singapore

Ronald W. Zdrojeski, Partner, Co-Head of Global Litigation, Eversheds Sutherland New York; and Philip Fong, Managing Partner, Head of Litigation and Dispute Management, Head of Fraud and Financial Crime, Eversheds Harry Elias Singapore

Venue : Stamford American Auditorium (AmCham Office, 1 Scotts Rd, #23-03 Shaw Centre)

Date : April 10, 2018

Time : 7:45 AM - 9:00 AM

Price : $0.00

2018-04-10 07:45:00 2018-04-10 09:00:00 Asia/Singapore Foreign Corruption and Deferred Prosecution Agreements – Lessons for Singapore - Stamford American Auditorium (AmCham Office, 1 Scotts Rd, #23-03 Shaw Centre) AmCham Singapore

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Description

Hosted by the Government & Regional Affairs, and Legal & IPR Committees

Agenda


7:45 am – 8:00 am     Registration
8:00 am – 8:05 am     Introduction of speaker
8:05 am – 8:45 am     Presentation
8:45 am – 9:00 am     Q&A / Discussion


Synopsis


The speakers will be discussing the Foreign Corrupt Practices Act (FCPA), which is the United States’ primary foreign anti-bribery law, criminalizing the payment of bribes to foreign government officials.  Its jurisdiction can be far-reaching, covering not only domestic corporations but also foreign companies with ties to the United States, such as wholly-owned subsidiaries.  Over the past several years, there has been increased activity in government enforcement of the FCPA both at the U.S. Department of Justice (DOJ) and the U.S. Securities and Exchange Commission (SEC).  The consequences of a government FCPA investigation and violation can be severe and potentially include, in addition to stiff monetary penalties, delisting from U.S. exchanges or debarment from doing business with the U.S. government.  Both the DOJ and SEC have robust FCPA programs that encourage companies to voluntarily self-disclose violations.  Indeed, the recent formalization of an FCPA Pilot Program at the DOJ attempts to provide a carrot to companies who self-disclose FCPA violations, including non-/deferred prosecution agreements or “declination letters.”  We will examine recent FCPA activity and the benefits and consequences of self-disclosing FCPA violations to U.S. regulators.

 

About the Speakers


Ronald W. Zdrojeski

Partner

Co-Head of Global Litigation

Eversheds Sutherland New York

 

With nearly three decades of trial experience, Ronald Zdrojeski is co-head of the Eversheds Sutherland (US) global litigation group. His practice focuses on counseling and defending businesses in complex commercial litigation, including market manipulation, fraud and other white collar matters. Ron has litigated in 48 of the country’s 50 states, defending Fortune 500 companies, insurers and corporate officers in criminal and civil investigations, including class action, toxic tort, trade secret, intellectual property, environmental and maritime litigation. Additionally, Ron conducts internal investigations on behalf of clients, which often involves assessing potential regulatory violations and criminal activities. Prior to joining the firm, Ron was a partner at Dewey & LeBoeuf. From 1983 to 1985, he was an assistant district attorney in the Kings County District Attorney’s Office in Brooklyn.

 

Philip Fong

Managing Partner

Head of Litigation and Dispute Management

Head of Fraud and Financial Crime

Eversheds Harry Elias Singapore

 

Philip is the Managing Partner of Eversheds Harry Elias and heads the Litigation Practice Group in Singapore. Philip’s extensive experience in civil litigation includes disputes in or over contracts, shares, companies, property, professional negligence, trusts and wills. He is consistently identified as a leading business crime lawyer in directories such as Who’s Who Legal, having represented many clients in securities and corruption cases. Philip’s career started with the Commercial Affairs Department, the specialist enforcement agency which prosecutes white collar crimes. Philip was the first head of the agency’s Anti-Money Laundering unit.

 

Philip’s advice is constantly sought on insider trading and market manipulation, regulatory compliance (directors’ duties and governance) and medical malpractice. Philip has acted as prosecuting counsel for professional bodies (such as the Singapore Medical Council) against doctors and accountants. His high-profile cases in the Supreme Court include judicial reviews and challenges to collective sale agreements of condominiums. Apart from court work, Philip handles arbitrations seated in Singapore, Hong Kong and Malaysia.

 

Philip has been highly recommended as a star name and leading lawyer by independent publications such as The Asia Pacific Legal 500, Who’s Who Legal, Asian Business Legal, The Straits Times, The Guide to Asia-Pacific’s Leading Law Firms, TODAY Paper, The Business Times and Channel News Asia.


Philip speaks regularly at business forums and seminars on securities laws, corruption, enforcement actions of government agencies, issues relating to directors’ duties, white collar crimes and legal issues in medical practice.

 

Philip was called to the Singapore Bar in 1995. He is a Bachelor of Laws of the University of London and an alumnus of the University of Adelaide where he obtained an Economics Degree (major in Accounting) under a Singapore Government scholarship.

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