Jim Corsiglia provides advice on (i) transaction negotiations and diligence relating to corruption, money laundering, and sanctions; (ii) corporate compliance policies and programs; and (iii) corporate investigations. Prior to coming to Gelber + Santillo PLLC, Mr. Corsiglia worked for the international law firm Cleary Gottlieb Steen & Hamilton LLP.
Mr. Corsiglia has advised many of the world’s largest corporations, sovereign wealth and private equity funds, and family offices. Given this experience, Mr. Corsiglia can provide “big firm” sophistication but with greater “hands on” attention and far lower cost than large firms can offer. He also offers practical advice, tailored to the commercial circumstances of each client.
Mr. Corsiglia has worked on over a thousand transactions throughout the world, including in China, Singapore, India, Brazil, Mexico, and elsewhere throughout Latin America, Asia, Africa, and the United States. His experience includes:
- conducting corruption diligence / investigation projects (often supervising investigative firms or forensic accountants) for M&A, securities, loan, and other transactions;
- negotiating the corruption, money laundering, and sanctions terms in a wide range of M&A, JV, underwriting, loan, and fund transactions;
- conducting corruption risk assessments;
- providing advice on corruption risk issues (e.g., gifts and entertainment);
- drafting and revising compliance policies;
- advising on the structure and composition of compliance programs; and
- providing anticorruption training for corporate boards, executives, and employees.
Mr. Corsiglia also provides advice on Corporate Transparency Act matters, beneficial ownership reporting, and conflict minerals reporting.
In addition to his work for Cleary Gottlieb, Mr. Corsiglia was based in Bulgaria for two years where he worked as a volunteer on legal reform projects, particularly anticorruption matters, in Eastern Europe and the Middle East for the American Bar Association. He returned to Cleary Gottlieb in 2002. Prior to attending law school, he worked on international relief and development projects, including two years working for a nonprofit health organization in Haiti.
Mr. Corsiglia received his J.D. from Northwestern University Law School and his B.A. from Williams College.
Education
- J.D., Northwestern University Law School
- B.A., Williams College
Publications
- Judicial Reform Index, Central East European Law Initiative, American Bar Association (July 2002)
- Justice Department releases standards for evaluating corporate compliance programs, 31 White-Collar Crime, Issue 8 (April 2017)
- Will McDonnell Corruption Decision Save Silver and Skelos?, Law360 (July 13, 2016)
Selected Presentations
- Opening and closing comments, Conference on Irremovability and Immunity of Magistrates, Sofia, Bulgaria (December 2002)
- Opening comments and Comparative Law Perspective: Policy Proposal for the Future, Conference on the Law for the Publicity of the Property of Persons Occupying High State Positions, Sofia, Bulgaria (April 2001)
- Opening comments, Conference on Codes of Ethical Behavior, Sofia, Bulgaria (November 2000)
Selected Experience
M&A and JV Diligence, Investigations, and Contract Negotiation
- Advise one of the world’s largest medical products companies on corruption matters related to its investment in a Chinese robotics company
- Advise U.S. multinational technology company, one of the world’s largest companies, on corruption risk matters related to its investment in a clean energy company
- Provide corruption diligence on M&A transactions for one of the world’s largest alternative investment management companies (currently over $1 trillion of assets under management)
- Advise a U.S. information technology services company specializing in web hosting on anticorruption and sanctions issues connected with its approximately $1.1 billion acquisition of an online marketing company
- Standard outside advisor for anticorruption diligence and contract negotiations for pension fund (nearly $250 billion in assets under management); conduct investigations related to corruption risk for the same fund in connection with investments in infrastructure business in India
- Advise on regulatory-related matters for data storage company in connection with its $19 billion acquisition of flash memory card business
- Advise on anticorruption matters for global generic pharmaceutical manufacturer in connection with its $60+ billion acquisition of company that acquires, develops, manufactures and markets brand name drugs and medical devices
- Regular outside advisor on corruption, money laundering, and sanctions diligence and related contract negotiation for private equity firm (nearly $250 billion in assets under management); provided training on advanced issues in anticorruption diligence for inside counsel at the firm
- Advise aerospace company on corruption matters related to its efforts to acquire aerospace parts manufacturer
- Corruption diligence and contract negotiations for investment firm (over $130 billion assets under management) related to its acquisition of a controlling interest in a pan-European insurance consolidator
- Advise on anticorruption matters for state-owned multinational investment firm ($500 billion portfolio) in connection with its efforts to acquire a Colombian pharmaceutical company
- Advise major global mining and steel manufacturer on anticorruption law risks associated with indirect investment in major Japanese steel producer and advise the same global mining and steel concern regarding international anticorruption compliance standards
- Advise one of world’s largest tobacco companies regarding corruption risk related to potential investment in Egypt; provide anticorruption training for executives of same tobacco company
Compliance Advice, including risk assessment, program development, drafting and revising compliance policies, and compliance training
- Risk assessment, compliance program development advice, drafting and revising compliance policies, and training (including behavioral ethics insights) for oil business in the Middle East
- Review of corruption risk and global anticorruption compliance program for international shipping company, including directing work of forensic accountants around the world
- Review of compliance policies, and anticorruption training for one of the world’s largest alternative investment management companies (currently over $1 trillion of assets under management)
- Anticorruption compliance program assessment for a global asset manager ($30 billion in assets under management); review conducted in connection with FCPA investigation of the asset manager; series of anticorruption trainings for asset manager employees around the world
- Corruption and compliance risk assessments and advice on remediation for major Latin American companies, including a paper and forest products company and an airline
- Revise the anticorruption policy of one of the world’s largest international electronic consumer products and entertainment companies
- Advise leading development bank in Latin America on its compliance policies and anticorruption representations in its model loan provisions
- Advise family office of one of U.S.’s wealthiest families on corruption risk, including gifts and entertainment, and provide series of compliance trainings for the office
- Advise on a global corruption risk assessment for one of world’s largest oil and gas companies; corruption diligence and anticorruption contract negotiations for the same company involving an investment in an infrastructure project in China
- Advise on revisions to anticorruption policy for operator of multiple securities exchanges
- Represent one of the world’s largest pharmaceutical companies in U.S. SEC and Justice Department FCPA investigations arising out of the U.N. Oil-for-Food program
Other Matters
- Advise underwriters on corruption risk associated with offerings by, among others, $40 billion generic pharmaceutical company and $10+ billion multinational confectionery company
- Advise on anticorruption negotiations for one of world’s largest aluminum producers in its efforts to secure a loan
- Counsel to the trustee for bankrupt clearing firm holding accounts of “Wolf of Wall Street” introducing brokers, including cooperation with the FBI in investigations of mafia involvement on Wall Street
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