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The Oil Industry and Africa: The Expanding Reach of the Foreign Corrupt Practices Act

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  • Deming Stuart H.

    (Deming PLLC)

Abstract

As a statute designed to deter improper inducements to foreign officials in connection with business activities, the enforcement of the Foreign Corrupt Practices Act (FCPA) has over time dramatically increased in its reach. This article examines the reach of the FCPA into Africa with special reference to corrupt practices in the oil industry. Owing to the combined enforcement activities of the US Department of Justice and the Securities and Exchange Commission, it concludes by arguing that the FCPA's impact and potency in the developing world will continue to grow.

Suggested Citation

  • Deming Stuart H., 2011. "The Oil Industry and Africa: The Expanding Reach of the Foreign Corrupt Practices Act," The Law and Development Review, De Gruyter, vol. 4(3), pages 311-370, December.
  • Handle: RePEc:bpj:lawdev:v:4:y:2011:i:3:n:10
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