The Legal 500 UK 2013

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Carol M. Welu

Partner

Carol M. Welu has more than 30 years of remarkably broad international experience representing large multinational corporations and national governments. She has acted as lead counsel in complex multijurisdictional international disputes, major international investigations and large cross-border transactions and restructurings.

Carol is a US-British dual citizen. She is dual qualified as a solicitor in England and Wales and as a member of the District of Columbia Bar.  She has practiced 20 years in Europe and 13 years in Washington DC.

Carol’s extensive international dispute resolution experience includes London Court of International Arbitration (LCIA), International Chamber of Commerce (ICC), UNCITRAL and Iran-US Claims Tribunal proceedings.

Carol has worked since 1997 in London, where she has served as lead counsel in complex multijurisdictional international disputes between major companies in the CIS, the Middle East and Europe.

While in Prague from 1992 to 1997, Carol was lead counsel to several national governments in a number of major privatization and post-privatization transactions and lead counsel in major investigations and disputes.

Representative Experience

  • Representing the largest Russia-based mobile telephone company in a major dispute against another large Russia-based mobile telephone company involving LCIA arbitration and court proceedings in four jurisdictions, including a successful appeal to the Privy Council (the court of final appeal for the Commonwealth).
  • Representing a Saudi Arabia-based data communications service provider in a pending ICC arbitration in London against a Middle East telecommunications systems manufacturer and developer.
  • Representing a Central European government in a multibillion US dollar bilateral investment treaty dispute concerning bank regulatory matters.
  • Representing a telecommunications developer in several transactions for the purchase of telecom assets in Germany and Spain, valued at more than €7 billion.
  • Serving as general counsel for a major Germany-based cable telephony joint venture during its financial restructuring.
  • Conducting investigations for Fortune 500 companies on matters involving the US Foreign Corrupt Practices Act (FCPA) and other anticorruption laws.
  • Representing the world’s largest beer brewer in its worldwide trademark litigation against, and negotiations to acquire, a leading Czech Republic-based brewer.
  • Acting as lead counsel in restructuring the VSZ Group, the Slovak Republic’s largest company (representing approximately 10 percent of the Slovak Republic’s GDP).
  • Acting as lead counsel to the Czech Republic and Kazakhstan governments in the privatization of their national tobacco companies.
  • Acting as lead counsel to a Czech Republic-based national telephone company in its arbitration dispute with a Fortune 50 company.
  • Acting as lead counsel in a “bet your company” products liability investigation for a Fortune 100 company.

Recent Publications
  •  “A Brave (but Scary) New World: Why Private Equity Is Not Exempt From US and UK Anti-Corruption Laws,” Financier Worldwide, November 2010.
  •  “Corruption: Russia's Economic Stumbling Block – American and European anti-corruption laws could help solve a longtime problem in Russia,” BusinessWeek, August 2009.
  •  “Corruption Sanctions – A New Risk for European Investors,” Financier Worldwide, March 2008.
  •  “The International Compliance Clamp-Down,” 74 The European Lawyer 51-53, December 2007/January 2008.
  • “US Bribery Offences: Don’t Get Caught Out,” XVIII:11 Practical Law Company 23-25, December 2007.
  • “The Posse Closes In,” 16 Commercial Litigation Journal 2-5, November/December 2007.
  • “New Global Trends in FCPA Enforcement,” Counsel to Counsel, October 2007.

Recent Speaking Engagements
  • Strafford Webinar "FCPA Compliance in the Middle East" (London, July 2011)
  • Client Breakfast Seminar "Countdown to the Bribery Act - Are you ready?" (London, June 2011)
  • C5 16th Forum on CEE Private Equity, "What You Don't Know and What Others Do Can Hurt You: Why Private Equity Should Worry about US and UK Anti-Corruption Laws" (London, October 2010).
  • World Bribery & Corruption Compliance Forum, "Minimising the Risks of Dealing in Emerging Markets" (London, September 2010).
  • 2nd Russia and CIS Summit on Anti-Corruption, "Detecting Patterns of Bribery: How to Conduct a Corruption Risk Assessment to Identify Trouble Spots" (Moscow, March 2010)
  • 44th BME Symposium, "Global Reach of the FCPA: Traps for the Unwary" (Berlin, November 2009).
  • ACI Fifth Annual European Forum on Anti-Corruption, "The Fundamentals of FCPA Compliance: The US Foreign Corrupt Practices Act Demystified" Workshop (London, June 2009).
  • Anti-Corruption Presentation at the Association of Corporate Counsel Seminar, "International Licensing" (Palo Alto, California, September 2008).
  • ACI Third Annual European Forum on Anti-Corruption, "Overcoming Anti-Corruption Compliance Challenges in China" Workshop (London, June 2008).
  • ACI Fifth Annual European Forum on Anti-Corruption: “The Fundamentals of FCPA Compliance: The US Foreign Corrupt Practices Act Demystified” Workshop (London, June 2009).
  • Anti-Corruption Presentation at the Association of Corporate Counsel Seminar, “International Licensing” (Palo Alto, California, September 2008).
  • ACI Third Annual European Forum on Anti-Corruption: “Overcoming Anti-Corruption Compliance Challenges in China” Workshop (London, June 2008).

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London
T +44 20 7655 1750

Education

University of Miami, J.D., cum laude, articles and comments editor, University of Miami Law Review, 1979
University of Dayton, B.A., summa cum laude, 1974

Admissions

District of Columbia, 1979
England and Wales
U.S. Dist. Ct., Dist. of Columbia
U.S. Supreme Court

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