On June 17, to showcase the firm’s depth of experience counseling aerospace clients, a BakerHostetler cross-practice team partnered with PricewaterhouseCoopers (PwC) to present a legal and compliance seminar at the 51st Paris Air Show, the largest aerospace trade show in the world. Drawing in high-level executives from more than 2,000 companies and 40 countries, 300 of which are based in the U.S., the venue provided the perfect location for BakerHostetler’s White Collar Defense and Corporate Investigations, Export Controls, and Government Contracts teams to conduct the comprehensive training seminar. The presentations focused on developments in anti-corruption enforcement, export control compliance, and government contracting rules. Discussions also covered ways that companies and senior executives can avoid compliance violations. Seminar attendees included key executives from major aerospace companies, as well as professionals from other industries.
Participating in the seminar were Congressman and BakerHostetler Of Counsel Mike Oxley, BakerHostetler Partners Ray Whitman, John Carney, George Stamboulidis, Jonathan Barr, Mel Schwechter, Hilary Cairnie, and Sonny Carpenter, along with Bill Waldie, Mark Gerber, John May, and Jeannette Chu from PwC.
Carney, co-leader of BakerHostetler’s White Collar Defense and Corporate Investigations team noted, “The aerospace industry remains at the forefront of industries at risk for corruption related investigations. Because of the industry’s cross-border nature and government-sponsored participants, aerospace companies remain the focus of U.S. regulators.”
One of the attendees, general counsel for a division of an international oilfield services company, thanked Whitman for the invitation to the seminar, noting “I really enjoyed it and honestly believe that it was the best anti-corruption panel I have ever seen. Kudos to your team – they are a very impressive group.”
A business consultant director for a European multinational software company who attended said, “I'd like to thank you all for your presentation. It's rare that we get so much talent on this subject here in Paris."
The chief compliance officer from a French unit of a global engineering and manufacturing company was impressed with the seminar as well, stating, “Congressman Oxley and the panelists were all very high-level experts. It was a good thing to have them share their experience here in France.”
The general counsel of the same company was very gracious for the time the BakerHostetler attorneys spent with him in Paris, noting, “This presentation is very close to the business and shows the extraordinary experience of the firm.”
“The direct feedback we received at the Air Show to the challenges our clients face is invaluable in helping us design proactive compliance programs,” said Stamboulidis, White Collar Defense and Corporate Investigations team co-leader.
In addition to conducting the training seminar, the BakerHostetler/PwC team was invited to the Aerospace Industry Reception at the U.S. Ambassador’s Residence on June 15, together with several hundred top U.S. aerospace industry executives and senior government officials. In their conversations with Department of Transportation Secretary Anthony Foxx and U.S. Ambassador Jane Hartley, the team addressed the balance between fostering a competitive U.S. presence in the international aerospace market while complying with anti-corruption laws. Later that week, they were invited to brunch with the governor of Florida.
Whitman, BakerHostetler’s litigation group chair, commented, "We’re pleased to have partnered with PwC on this very successful event. Together, we delivered tremendous value for the air show attendees in offering tips to help them avoid compliance violations.”
View the recently published Law 360 article “Aerospace Cos. Face More Corruption Risk Than Ever Before,” authored by Carney and Carpenter.
View the document, “Managing Anti-Corruption and Export Control Risk in the Aerospace Industry,” created by BakerHostetler and PwC and distributed to seminar attendees.