India's Anti-Corruption Amendment and Other Anti-Corruption Developments in India: Implications for Multinationals

Understanding Key Provisions, Ensuring Compliance and Mitigating Legal Risks

Recording of a 90-minute CLE webinar with Q&A


Conducted on Wednesday, November 14, 2018

Recorded event now available

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Program Materials

This CLE webinar will prepare counsel for companies doing business in India to meet the demands of the country’s anti-corruption amendment and other relevant laws. The panel will outline effective compliance programs to minimize anti-corruption risks.

Description

In late July 2018, India’s legislative body amended the Prevention of Corruption Act 1988 (PCA), which is the country’s chief legislation for fighting bribery and corruption involving public officials. The amendment has significant implications for multinational corporations doing business in India.

The amended PCA creates a separate offense for giving or offering an undue advantage to another person to induce or reward a public servant for performing a public function improperly. The government worker does not have to accept or act. Under the amendment, companies and individuals can be liable for the conduct of third parties working on their behalf. Further, the amended PCA limits immunity to the payers of bribes.

Meanwhile, the U.S. Department of Justice and Securities Exchange Commission and other foreign authorities continue their robust enforcement of the Foreign Corrupt Practices Act and other anti-corruption laws relating to conduct in India.

Multinationals are now in the crosshairs of the PCA, the FCPA, the UK Bribery Act and other similar laws. Despite the opportunity to mitigate exposure, multinationals face uncertainty regarding enforcement and how prosecutors will evaluate compliance programs. It is critical that companies and their counsel put in place policies, procedures and compliance programs to minimize the legal risks of violating these anti-corruption laws.

Listen as the panel discusses India’s anti-corruption law and amendment and other relevant laws. The panel will examine the implications for multinationals doing business in India. The panel will also discuss how the new law will be enforced and offer best practices for complying with the new law.

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Outline

  1. India’s anti-corruption amendment
    1. Principal provisions
    2. Distinctions between the amendment and the FCPA
  2. Implications for multinationals
  3. Enforcement of the anti-corruption amendment
  4. Mitigation of potential exposure and compliance

Benefits

The panel will review these and other high priority questions:

  • Who does India’s anti-corruption amendment cover? How does the act differ from the U.S. Foreign Corrupt Practices Act?
  • What are the implications of the amendment for multinationals doing business in India?
  • What steps can companies take to minimize corruption risks in India?

Faculty

Bhat, Aditya
Aditya Bhat

Partner
AZB & Partners

Mr. Bhat has advised and represented clients in a variety of civil, commercial and criminal matters in several...  |  Read More

Holtmeier, Jay
Jay Holtmeier

Partner
Wilmer Cutler Pickering Hale and Dorr

Mr. Holtmeier co-leads the firm's FCPA and Anti-Corruption Group and is a member of the Dodd-Frank Whistleblower...  |  Read More

Other Formats
— Anytime, Anywhere

Strafford will process CLE credit for one person on each recording. All formats include program handouts. To find out which recorded format will provide the best CLE option, select your state:

CLE On-Demand Video

48 hours after event

$297

Download

48 hours after event

$297

DVD

10 business days after event

$297 + $19.45 S&H