5 ms·

can you elaborate? what companies? why did they get sued?

LunaSea 3y ago
Sure: Airbus, Alstom and Technip are a few examples. They were usually sued for corruption in developing countries to obtain contracts. They were however sued in the US even though they are not headquartered there, had to pay huge fines that brought said companies to their knees and were later, surprisingly, bought by American companies.
- whimsicalism 3y ago
  Only one of those was bought by an American company and also they literally were bribing politicians
  - LunaSea 3y ago
    > Only one of those was bought by an American company Yes, the operation failed in the case of Airbus because they were smart enough to raise the issue themselves in the UK to avoid being sued in the US. Alstom was bought by GE and Technip was bought by FMC Technologies. > and also they literally were bribing politicians Something that no US company has done in developing countries I'm sure. In the case of GDPR-fines companies are literally laundering use data.
    - whimsicalism 3y ago
      US companies are also sued and fined in the US for breaking these laws. > In the case of GDPR-fines companies are literally laundering use data. They are using the data in compliance with their ToS, which is decided post-facto to be in violation of the GDPR. The level of regulatory uncertainty there is far from the clear-cut “don’t bribe politicians.”
      - LunaSea 3y ago
        > US companies are also sued and fined in the US for breaking these laws. Could you give me some examples? Also, US suing EU companies for things happening in developing countries is a mind blowing overreach of US territorial jurisdiction. > They are using the data in compliance with their ToS A ToS isn't a law. > which is decided post-facto to be in violation of the GDPR No. GDPR was introduced and companies were given years to adapt and become compliant. > The level of regulatory uncertainty there is far from the clear-cut This is also wrong. You can simply ask the EU member country's national agency responsible for the enforcement of the GDPR proactively. > The level of regulatory uncertainty there is far from the clear-cut “don’t bribe politicians.” In countries that run on bribes this becomes less clear.
        whimsicalism 3y ago
        Honeywell was recently fined for FCPA violations. I don't see it as overreach that the US does not let foreign companies that pay bribes compete in the US. Given that US companies cannot pay bribes legally, it would be hard for them to compete domestically with companies that can bribe simply because they are headquartered elsewhere. > This is also wrong. You can simply ask the EU member country's national agency responsible for the enforcement of the GDPR proactively. I am going to assume this one is a joke given the consistency (or lack thereof) of GDPR guidance from European regulators.
        LunaSea 3y ago
        > Honeywell was recently fined for FCPA violations. They were fined a third of what Alstom while having double the revenue. This only happened because both Brazil and Algeria got involved. > I don't see it as overreach that the US does not let foreign companies that pay bribes compete in the US. But this is not competition in the US, it's competition abroad. > Given that US companies cannot pay bribes legally Which like Honeywell we know they absolutely do like every company operating in developing / BRICs countries. > I am going to assume this one is a joke given the consistency (or lack thereof) of GDPR guidance from European regulators. Yes and I'm sure that Google, Facebook & co were only caught on "technicalities" because the law wasn't "clear enough". If that is not a joke I don't know what is ...

Sure: Airbus, Alstom and Technip are a few examples. They were usually sued for corruption in developing countries to obtain contracts. They were however sued in the US even though they are not headquartered there, had to pay huge fines that brought said companies to their knees and were later, surprisingly, bought by American companies.

whimsicalism 3y ago
Only one of those was bought by an American company and also they literally were bribing politicians
- LunaSea 3y ago
  > Only one of those was bought by an American company Yes, the operation failed in the case of Airbus because they were smart enough to raise the issue themselves in the UK to avoid being sued in the US. Alstom was bought by GE and Technip was bought by FMC Technologies. > and also they literally were bribing politicians Something that no US company has done in developing countries I'm sure. In the case of GDPR-fines companies are literally laundering use data.
  - whimsicalism 3y ago
    US companies are also sued and fined in the US for breaking these laws. > In the case of GDPR-fines companies are literally laundering use data. They are using the data in compliance with their ToS, which is decided post-facto to be in violation of the GDPR. The level of regulatory uncertainty there is far from the clear-cut “don’t bribe politicians.”
    - LunaSea 3y ago
      > US companies are also sued and fined in the US for breaking these laws. Could you give me some examples? Also, US suing EU companies for things happening in developing countries is a mind blowing overreach of US territorial jurisdiction. > They are using the data in compliance with their ToS A ToS isn't a law. > which is decided post-facto to be in violation of the GDPR No. GDPR was introduced and companies were given years to adapt and become compliant. > The level of regulatory uncertainty there is far from the clear-cut This is also wrong. You can simply ask the EU member country's national agency responsible for the enforcement of the GDPR proactively. > The level of regulatory uncertainty there is far from the clear-cut “don’t bribe politicians.” In countries that run on bribes this becomes less clear.
      - whimsicalism 3y ago
        Honeywell was recently fined for FCPA violations. I don't see it as overreach that the US does not let foreign companies that pay bribes compete in the US. Given that US companies cannot pay bribes legally, it would be hard for them to compete domestically with companies that can bribe simply because they are headquartered elsewhere. > This is also wrong. You can simply ask the EU member country's national agency responsible for the enforcement of the GDPR proactively. I am going to assume this one is a joke given the consistency (or lack thereof) of GDPR guidance from European regulators.
        LunaSea 3y ago
        > Honeywell was recently fined for FCPA violations. They were fined a third of what Alstom while having double the revenue. This only happened because both Brazil and Algeria got involved. > I don't see it as overreach that the US does not let foreign companies that pay bribes compete in the US. But this is not competition in the US, it's competition abroad. > Given that US companies cannot pay bribes legally Which like Honeywell we know they absolutely do like every company operating in developing / BRICs countries. > I am going to assume this one is a joke given the consistency (or lack thereof) of GDPR guidance from European regulators. Yes and I'm sure that Google, Facebook & co were only caught on "technicalities" because the law wasn't "clear enough". If that is not a joke I don't know what is ...