The FCPA and the TCA: Introducing the presumptions of final judgment and joint investigation

Authors

  • Javier Dario Coronado Diaz University of Pennsylvania Law School Universidad Javeriana - Ciencias Jurídicas

Abstract

On February 2, 2016, the Congress of Colombia enacted the Transnational Corruption Act (“TCA”). The TCA is a local effort to fight international corruption, same as the U.S. Foreign Corruption Practices Act (“FCPA”). This paper shows why the TCA and the FCPA have different standards for imposing corporate liability. As it further explains, these differences are problematic for international business transactions because of an increase in the economic costs that legal entities doing business in Colombia and U.S must face. Therefore, this paper agrees with scholars whom propose a set of universal anti-corruption rules. However, acknowledging the difficulties of achieving an international consensus for enacting this set of rules, this paper advocates for the enforcement of the TCA and the FCPA pursuant to the presumptions of final judgment and joint investigation.

Author Biography

Javier Dario Coronado Diaz, University of Pennsylvania Law School Universidad Javeriana - Ciencias Jurídicas

Javier Coronado is a bilingual litigator skillful in advocating cases, conducting parallel investigations, advising litigation strategies, and negotiating resolutions in complex, high-stakes criminal and civil disputes.  He brings legal experience in U.S. and Colombia to his practice, which includes international litigation in the areas of white collar-crime and government investigations.

Mr. Coronado counsels and represents individuals and corporations in matters involving domestic and foreign corruption, tax evasion, anti-money laundering laws, and financial fraud.  He also advises clients in business transactions, corporate governance, and entity formation, particularly, in securing the client’s compliance with international, U.S. and Colombian legal standards, regulations, and best practices.

He is also experienced in handling constitutional and human rights litigation, including disputes before the Inter-American Court of Human Rights.

Apart from being a skilled transnational and bicultural litigator, Mr. Coronado is a noteworthy scholar in the areas of criminal law and procedure.  He regularly serves as an adjunct professor at Pontificia Universidad Javeriana Law School in related courses, and writes articles and comments in the same fields for various law journals and widely publicized newsletters such as The Interamerican Dialogue and Latin Counsel.

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Published

2019-09-30

Issue

No. 52: Jul - Dic 2019

Section

Research Articles

License

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