Partner David Simon was quoted in a Bloomberg Quint
article, “How U.S. Companies Are Navigating The FCPA Risk In In
dia,” about the perils of doing business in India.
Under the Dodd Frank Act, Simon said, a whistle-blower who comes to the Securities Exchange Commission with actionable information that may result in an enforcement action under the Foreign Corrupt Practices Act is entitled to monetary awards. “I’m surprised by how well-known this fact is to Indian employees of U.S. companies,” he said.
Simon also said he doesn’t believe it’s impossible to do business in India without paying bribes. “It requires preparation, patience and resources, but it can be done,” he said.