On 2 June, Foley & Lardner LLP published an article saying that if you think this lack of apparent connection to the US will protect you from the long arm of US enforcement authorities, think again. This article presents 6 scenarios under which companies with no operations (or even business) in the US can still find themselves on the wrong end of an investigation by US enforcement agencies. These scenarios cover bribery, corruption, and fraud, as well as export violations and offshore transactions involving countries and entities “blacklisted” under US sanctions programs. And, in each instance, foreign companies may swiftly – and often unknowingly – subject themselves to US jurisdiction.
If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y