What does this executive order mean for India Inc.? Will the US Department of Justice stop using the Foreign Corrupt Practices Act (FCPA), a key tool of extraterritorial US law enforcement?

Trump while signing the executive order on 10 February 2025 calling for ‘pausing of the FCPA’ called the FCPA “a disaster” and “a horror show” which inhibits doing business with Americans. The executive order states that the FCPA has been “stretched beyond proper bounds and abused in a manner that harms the interests of the United States”. It goes on to say that the current FCPA enforcement impedes United States’ foreign policy objectives and implicates the President’s authority over foreign affairs.

Read the full article authored by Partner Abhinav Sharma on Lexology and Chambers & Partners.