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Issues To Consider From The Keppel Offshore & Marine Enforcement Action

Issues

This previous post went in-depth into the net $105.5 million Foreign Corrupt Practices Act enforcement action against Keppel Offshore & Marine (and a related entity) regarding various bribery schemes in Brazil. This post continues the analysis by highlighting additional issues to consider.

FCPA First

The enforcement action against Keppel Offshore & Marine is believed to be the first FCPA enforcement action ever against a company based in Singapore.

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Keppel Offshore & Marine Resolves Net $105.5 Million FCPA Enforcement Action Based On Brazil Bribery Schemes

Keppel

Do not finalize those 2017 Foreign Corrupt Practices Act statistics just yet. Similar to prior years, late December has become an active time for FCPA enforcement.

Yesterday, the DOJ announced a net $105.5 million enforcement action against Keppel Offshore & Marine Ltd. (a Singapore-based company which describes itself as a “global leader in offshore rig design, construction and repair, ship repair and conversion, and specialised shipbuilding”) and Keppel Offshore & Marine USA Inc. (a wholly-owned subsidiary based in Texas).

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