Hungarian Telecommunications: Assertion of Judicial Jurisdiction

• Author: Cecil C. Kuhne III
• Pages: 129-135

129

21

Hungarian

Telecommunications:

Asserting Judicial

Jurisdiction

SEC v. Straub

921 F.Supp.2d 244 (S.D.N.Y. 2013)

e SEC brought this action against three executives of the Hungar-

ian telecommunications company (known as Magy ar Telekom) for vio-

lations of the FCPA. e SEC alleged that these individuals—Elek

Straub, András Balogh, and Tamás Morvai—were engaged in illega l

schemes to bribe public ocials in Macedonia.

e Macedonian Parliament had recently enacted a new law that

liberalized the telecommunications market in a way that would be