President Obama’s promise for change is sending ripple effects across large sectors of the economy, including corporate legal departments. Stricter enforcement of regulations, which was lax under recent administrations, already requires greater attention to global litigation practices — and we are less than one year into the new administration.
Increased enforcement of regulations like the Foreign Corrupt Practices Act, or FCPA, is casting a spotlight on the Obama administration’s attempts to rejuvenate corporate regulatory enforcement. So far this year, more than 120 companies, including Sun Microsystems Inc. and Intel Corp., have come under investigation by the Department of Justice because of potential FCPA violations. (By contrast, there were 100 cases in all of 2008).
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