Assessing and Protecting Yourself from the Corruption Risks When Acquiring an Industrial Business

Grégoire Finance, Partner, Willkie Farr & Gallagher LLP, France
Nicolas Tollet, Senior Compliance Officer, Technip, France

In recent years, we have seen a growing demand for compliance around the world, in particular in the heavy industry business. Reasons for that is of course the increase in sanctions implemented in the United States, and now by other countries as well. Authorities and businesses have had a high scrutiny on commercial agents and compliance departments have blossomed in multinational companies. With such potential liabilities existing within businesses, the mergers and acquisitions world has to remain vigilant and properly assess the risk of corruption-related liabilities when assessing the risks of buying a target.

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France Mergers & Acquisition Energy July 2014 Vol. 7, No. 28, Summer 2014

Grégoire Finance

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Nicolas Tollet

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Nicolas Tollet is involved in anticorruption compliance matters since 2008. He is a graduate from the University of Aix-en-Provence and Berkeley Law School, and an Attorney at Law admitted to the Bars of Paris, New York and the United States Supreme Court. In 2006, Nicolas Tollet joined Willkie Farr & Gallagher LLP where his practice focused on corporate and financial transactions, including mergers and acquisitions, LBOs and capital market. His practice also focused on US FCPA compliance in connection with S.E.C. and D.O.J. investigations of European companies on corruption issues, including the Alcatel-Lucent case. In 2012, he left Willkie to join Technip and dedicate to anticorruption compliance. Prior to that, Nicolas Tollet worked notably at Cleary Gottlieb Hamilton & Steen LLP and Bredin Prat in Paris. He is also the founder and principal of European Compliance under 40 (www.europeancomplianceunder40.com) a network of young European professionals working in the compliance area.

Willkie Farr & Gallagher LLP

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Technip

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Technip is a world leader in project management, engineering and construction for the energy industry.

France Mergers & Acquisition Energy July 2014 Vol. 7, No. 28, Summer 2014