Global investigations and cross-border litigation cases have been increasing, resulting in stiff fines for companies who get caught. For example, Dutch telco VimpelCom was recently penalized with a $795 million fine for bribery in Uzbekistanand Las Vegas Sands paid $9 million for violating the Foreign Corrupt Practices Act (FCPA) while doing business in China.
Legal Translation Costs and Risks
In our globalized world, translation and localization are essential to international compliance programs. The best way to minimize risk is to translate and localize all compliance-related documentation into an employee’s local language. For an example of the dangers associated with poor localization practices, look no further than the recent SEC actions against Akamai Technologies and Nortek Inc.
Steps to Reduce Litigation Translation Risks
However, while prevention is important, it’s not perfect. Therefore, it is also important to institute an internal system for monitoring compliance on a global scale. Additionally, the company needs an efficient and cost-effective process in place to translate materials during internal investigations or eDiscovery.
This article in Inside Counsel by our EVP and General Manager Scott Herber, explains how to:
- Bolster prevention efforts by translating and localizing compliance materials.
- Minimize risk by quickly and accurately translating allegations submitted in a native language.
- Efficiently and confidentially translating and culling global discovery whether for internal investigations or litigation.
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