Bribes, Grease Payments and Global Litigation Finance

[Gunnar Larson]

Check out my new article:
https://litigationfinancejournal.com/bribes-grease-payments-and-global-litigation-finance/

Both competition law and consumer protection law focus on eliminating
global marketplace manipulation. Deceptive acts and practices in many
offshore businesses are byproducts of illegal bribes, or legal grease
payments. Exclusionary price fixing of international virtual currency
markets suggests that innovation is necessary to level the playing field.

Boston College International and Comparative Law Review
<https://drive.google.com/file/d/1FoXl1frfxEWNFCkLfaJ0UdizHkQZOAT3/view?usp=sharing>
researchers
have suggested that ‘greasing the palms’ of international regulators is not
necessarily forbidden. During the COVID-19 pandemic, many virtual currency
firms made significant efforts to increase earnings via marketplace
manipulation. Conditional regulatory approvals have prompted deceptive
advertising practices which led to marketplace fraud and earnings
manipulation. Famous international banks have made a business out of
regulatory arbitrage frameworks … allegedly issuing bribes when necessary.

To navigate such bad behavior, price fixing agreements can be negotiated as
a litigation finance tool. Engaging virtual currency fixing, as with Proof
of Transfer (POX) powering NYCCoin and MIA Coin, supports the idea of
government “donation bounties.”  Such practices are a hot topic of
discussion for United States innovation policies.

The Department of Justice has recently begun to consider various instances
of litigation finance solutions to help eliminate cross-border bribery and
marketplace manipulation architectures.

For reference, we highlighted 32 key points
<https://drive.google.com/file/d/1FoXl1frfxEWNFCkLfaJ0UdizHkQZOAT3/view> in“The
Foreign Corrupt Practices Act: It’s Time to Cut Back the Grease and Add
Some Guidance.” Feel free to scan the doc and see our key takeaways
(highlighted inside).
-- 
*Gunnar Larson - xNY.io <http://www.xNY.io> | Bank.org <http://Bank.org>*
MSc
<https://www.unic.ac.cy/blockchain/msc-digital-currency/?utm_source=Google&utm_medium=Search&utm_campaign=MSc-Digital-Currency-North-America&utm_term=blockchain%20unic&gclid=Cj0KCQiAyJOBBhDCARIsAJG2h5ctwwMz0MRbVSk-LaYD-GMU5UgDSw7ynxbGr_a7SkaFAZzJc1-pzxEaAi4NEALw_wcB>
- Digital Currency
MBA
<https://www.unic.ac.cy/business-administration-entrepreneurship-and-innovation-mba-1-5-years-or-3-semesters/>
- Entrepreneurship and Innovation (ip)

G at xNY.io
+1-646-454-9107
New York, New York 10001
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