Within the last decade there has been a concerted effort from a number of sources to control the pervasive and persistent problem of corruption among the international business community. Corruption undermines democracy and development, fundamentally distorts public policy, discourages...

U.S. regulators and Congress gave an increased level of scrutiny to recently approved international mergers involving a U.S. telecommunications firm merging with a company in which a foreign government owns a controlling interest. A foreign government that is friendly today has the potential to...

In the 1970s, Congress reacted to the financial wrongdoing of Lockheed Corp. and others by enacting SEC 102 of the Foreign Corrupt Practices Act (FCPA), which (1) requires corporations to keep records that accurately reflect financial transactions and (2) mandates a system of internal accounting...

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, as formulated by the Organization for Economic Cooperation and Development (OECD), provides an impetus for worldwide changes in legislation governing international business transactions. The...

It has been argued that hedge funds were among the contributors to the fiscal crisis that arose from the securitization of subprime loans. The hedge fund industry, however, did not play a direct precipitating role in the events leading to the financial meltdown. Indeed, there is no one...