Anti-bribery and corruption due diligence should be conducted on cross-border transactions. The prospect of successor liability alone makes performing such due diligence a requirement for corporate acquirers answering to boards and shareholders, and private equity funds answering to investors.
But what about domestic acquisitions? Should the same rigor of performing anti-bribery and corruption due diligence apply? In most cases, yes.
FRA’s Jerry Hansen discusses how it is always prudent and advisable to ask the right questions to identify potential bribery and corruption risks and highlights how an asset sale is not a guarantee of avoiding successor liability.
Read the full article on the FCPA Blog.
Jerry Hansen, Partner