Shearman And Sterling

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June 15, 2015

FIFA and BHP Billiton: The Unique FCPA Challenges Present in International Sports

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Recent enforcement actions by the Department of Justice and Securities and Exchange Commission have raised the profile of corruption in international sports and highlight unique FCPA compliance concerns. This note will explain how the DOJ’s recent charges against FIFA officials and the SEC’s enforcement action against BHP Billiton call attention to the FCPA compliance risks of acquiring and utilizing corporate sponsorships of international sporting events. As explained below, the failure to remain diligent in overseeing effective anti-bribery compliance practices in these instances risks exposing a company to potential FCPA violations.

View full memo, FIFA and BHP Billiton: The Unique FCPA Challenges Present in International Sports

Authors and Contributors

Paula Howell Anderson

Partner

Litigation

+1 212 848 7727

+1 212 848 7727

New York

Stephen Fishbein

Partner

Litigation

+1 212 848 4424

+1 212 848 4424

New York

Christopher L. LaVigne

Partner

Litigation

+1 212 848 4432

+1 212 848 4432

New York

Danforth Newcomb

Of Counsel

Litigation

+1 212 848 4184

+1 212 848 4184

New York

Mark D. Lanpher

Partner

Litigation

+1 202 508 8120

+1 202 508 8120

Washington DC

Masahisa Ikeda

Partner

Capital Markets

+81 3 5251 1601

+81 3 5251 1601

+1 212 848 5378

+1 212 848 5378

Tokyo