By Edward J Kelly, Co-head of Intellectual Property, Siam Premier International
While the UK is getting ready for the Bribery Act, which comes into effect in July, the US is continuing to crack down on international bribery and corruption under the Foreign Corrupt Practices Act of 1977 (FCPA).
In the most recent case, US prosecutors investigating allegations of corrupt overseas marketing practices by drug and device makers had an important victory against Johnson & Johnson (J&J). The company agreed to pay $70 million in civil and criminal fines to settle claims that it had bribed physicians in Europe to favour its products.
J&J has also reached a settlement of $7.9 million with UK regulators over illegal payments to doctors i...