RK&O Client Alert: "Plus ça change? A New Era for U.S. and French Cooperation and Enforcement"

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June 6, 2018

On June 4, 2018, the U.S. Department of Justice and the French Parquet National Financier announced a coordinated settlement with Société Générale relating to violations of U.S. and French anti-corruption laws.  Société Générale agreed to pay more than $1.3bn to U.S. and French authorities to settle charges relating to a bribery scheme in Libya and manipulation of the LIBOR benchmark interest rate. 

This coordinated resolution between the DOJ and the PNF—the first coordinated resolution between the DOJ and French authorities in a foreign bribery case—represents a new era in cross-border enforcement and cooperation between U.S. and French authorities. 

In this client alert, RK&O attorney Lee S. Richards III examines the strategies that multinational companies need to implement to anticipate and mitigate risk across multiple legal systems.

Click here to read the full client alert.