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Hosted hunting trips in Sweden and Texas

Tom Fox | January 30, 2017

You might not think there are too many similarities between the red-meat state of Texas and the liberal democracy of Sweden but one that comes to the mind of The Man From FCPA is the time-honored tradition of hunting in both locales. In Texas it tends to be deer hunting, while in Sweden it is elk hunting. One of the questions I hear from time-to-time is if businesses in Texas can continue their often decades-long tradition of hosted hunting trips for foreign officials and those employees from state-owned enterprises.

It turns out this very question has now embroiled the country of Sweden in an internal investigation involving Anders Borg, the country’s former finance minister and Fredrik Lundberg, the chairman of the investment company Industrivarden. For many years, Lundberg has hosted elk hunts, at a lodge owned by another company of which he is also the chairman. Swedish prosecutors are investigating hunts that included Borg while he was finance minister back in 2014 and...

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