Past Event: Trade Sanctions and Anti-bribery Risk Seminar

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Past Event: Trade Sanctions and Anti-bribery Risk Seminar

Date: 18 May 2016, 8:30 - 12:00

Host: Lundgrens, Tuborg Havnevej 19, Hellerup

Trade Sanctions and Anti-bribery Risk Seminar

  • Are you a Danish company with activities in the United States?
  • Do you conduct transactions in U.S. dollars or engage in business in countries where the U.S. Government imposes economic sanctions?
  • Do you engage in business in countries where requests for bribes are common?
  • If you answered “yes” to any of these questions, have you implemented the compliance steps necessary to reduce the risk of costly enforcement actions by the U.S. Government?

Despite recent changes in sanctions attitudes (for instance, towards Iran), U.S. restrictions continue to pose the risk of large penalties, as shown by record fines against such EU companies as BNP Paribas and BAE Industries.  The recent $623 million penalty against Olympus Corporation also shows that the U.S. Government continues to vigilantly enforce anti-bribery laws.  Many practitioners believe that the risk of illegal trade, especially with Iranian companies, has actually increased, because many non-U.S. companies and their salespeople mistakenly believe that it is “open season” for trading with Iran and that “everyone else is doing it.”

Understanding the ways in which the U.S. Government enforces its high-risk regulations such as the Foreign Corrupt Practices Act and Office of Foreign Assets Controls (OFAC) is essential for all companies that operate in the international arena.

At this seminar we learned:

  • the essentials of the anti-bribery and OFAC economic sanctions regulations, including the new rules for engaging with Iran
  • proper identification of risks and compliance measures to address anti-bribery and economic sanctions risk
  • ways to reduce the risk of becoming entangled in costly enforcement actions by the U.S. Government.

The seminar also provided information on recent key developments in EU/Danish export controls, including the recent relaxation of the sanctions against Iran.

We heard from US legal experts from Foley & Lardner LLP, Lundgrens (formerly Rønne & Lundgren), one of Denmark’s fastest growing law firms, and DSV, with a practical case on compliance.


Registration, coffee and networking

FCPA 101: Foreign Corrupt Practices Act
Greg Husisian, Partner, Foley & Lardner LLP

The essentials of U.S. anti-bribery regulations and the compliance expectations of the US government

Recent Developments
Mogens Aarestrup Vind, Attorney-at-Law, Partner, Lundgrens

Key developments in EU/Danish export controls and economic sanctions

Coffee and networking

Coping with US regulation of exports and international conduct
Greg Husisian, Foley & Lardner LLP and Mogens Aarestrup Vind, Lundgrens
The essentials of US export controls, economic sanctions, and the scope of the eased Iranian sanctions. Differences between the EU relaxation of the sanctions against Iran and the US way forward

Identifying and Managing Risk
Greg Husisian and Jim Peterson, Partner, Foley & Lardner LLP
Conducting a risk assessment, implementing compliance programs, and avoiding costly enforcement actions

Dealing with compliance
Peter Ring, Group General Counsel, DSV

Real life examples and the DSV approach

Q&A and Wrap-Up




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