Firms investing in energy sector need to be aware of the FCPA risks, experts warn.

BY JOACHIM BAMRUD

Firms that plan to invest in Mexico’s energy sector need to be aware of the risks related to possible violations of the US Foreign Corrupt Practices Act (FCPA) and a new Mexican anti-corruption law, experts warn.

“The implementing legislation regarding the opening of the oil, gas and electric markets, which Mexico is expected to enact in 2014, is likely to result in increased opportunities for investment by Mexican and non-Mexican companies,” says Alejandro Pérez-Serrano, a partner in Baker & McKenzie in Mexico City a member of the firm’s U.S. / Mexico Compliance Practice Group. “Since Mexico is a high risk country for corruption, these companies must ...

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Keywords: Baker& McKenzie, Bizjet, Bridgestone, FCPA,  Jones Day, Morrison & Foerster, OECD, Orthofix, Tyson, Walmart