Defense Offsets and Corruption Risks: What Every A&D Company Must Know

Defense Offsets and Corruption Risks: What Every A&D Company Must Know

Tuesday, 28 March 2023 | 1:00 PM EDT (6:00 PM BST)

A common point of discussion for aerospace and defense companies who sell articles and services to the government, this session will address the complex topic of offsets. Providing a top level overview of both direct and indirect offsets and the compliance risks associated with the same, this session will also address some of the common problematic issues that arise when structuring offsets and steps to take to mitigate your exposure when structuring deals with an offset component.


William B.F. Steinman

Senior Partner
Steinman & Rodgers LLP

William Steinman has been providing advice to multinational companies regarding the Foreign Corrupt Practices Act (the “FCPA”) and other anti-corruption laws for a quarter century. Prior to establishing Steinman & Rodgers, Mr. Steinman was the head of the international practice group at a major U.S. law firm. 


Mr. Steinman’s practice focuses primarily on FCPA issues in the aerospace and defense and food industries, and on the engagement of overseas sales representatives, consultants, distributors/resellers, and logistics service providers. Mr. Steinman is frequently called upon to assist clients with respect to internal investigations and compliance reviews, and he regularly advises clients in the negotiation and fulfillment of foreign offset requirements. He has also represented sovereign governments in West Africa and the Caribbean regarding anti-corruption and development matters. 


Mr. Steinman is a senior editor of the FCPA Blog, an online source for FCPA news and developments. He is an adjunct professor at Catholic University’s Columbus School of Law and Roger Williams University School of Law, where he teaches advanced FCPA seminars, and at George Washington University Law School, where he teaches a course on international negotiation.


He previously served as Vice Chair of the ABA International Section’s Aerospace and Defense Industries Committee. Between 2003 and 2007, Mr. Steinman served on the Board of Directors of TRACE International, a non-profit association that specializes in promoting anti-corruption compliance in international business. In 2011, Mr. Steinman was a delegate to the World Justice Forum in Barcelona, Spain. He is a frequent speaker on anti-corruption matters, and has addressed the Aerospace General Counsels Association and the International Forum on Business Ethical Conduct for the Aerospace and Defense Industry.  His views on anti-corruption matters have been sought by numerous legal and compliance publications, including Law360, the Legal Times, and Corporate Counsel, and Mr. Steinman has appeared as a guest on MSNBC to discuss anti-corruption laws. 


Mr. Steinman received his J.D. from the Harvard Law School in 1993, and graduated summa cum laude from the University of Vermont in 1990. 


He is a member of the District of Columbia Bar.

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