In the News November 6, 2015

Bloomberg BNA Quotes Eric Shimp on FCPA Risks of TPP Trade Pact

While the Trans-Pacific Partnership (TPP) may generate new business opportunities for U.S. companies, there are risks associated with the Foreign Corrupt Practices Act (FCPA).

“The real risk in terms of FCPA issues is probably greater for small to medium-sized U.S. enterprises who may see TPP as providing good opportunities to tap foreign markets for the first time,” said Eric Shimp, policy advisor in Alston & Bird’s International Trade & Regulatory Group and former director for the ASEAN and Korean Affairs at the United States Trade Representative.

Shimp warned smaller companies to “carefully consider appropriate due diligence on customers and contracts” when entering any new markets.
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