Welu, Carol M.

Carol M. Welu

Partner
Carol M. Welu heads our International Dispute Resolution Practice in London. She has more than 35 years of remarkably broad international experience representing large multinational corporations and national governments.
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 23 years in Europe following 13 years in Washington DC.

She has worked since 1997 in London, where she has been lead counsel in complex multijurisdictional international disputes for major companies in the CIS, Middle East and Europe. She was one of the principal partners who established our CEE practice and worked in the Prague office from 1992 to 97.

Explore

  • 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.
  • Advising in a wide variety of FCPA-related services, including anticorruption compliance training, deal structuring to reduce risks, due diligence, audits and investigations.
  • 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% 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.

Publications

  • Interview, “New Anti-Corruption Trends in International Investment Arbitration,” Ukrainian Legal Journal, 28 April 2015.
  • “Credibility is Key in English Courts,” Corporate Lawyer Praktikum, March 2014.
  •  “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.

Speaking Engagements

  • “Struggle Against Secrecy – Circumstantial Evidence and Presumptions,” Kiev Arbitration Days 2015, Kiev, November 2015.
  • “New Anti-Corruption Trends in International Investment Arbitration,” III International Judicial Forum: Judicial Reform in Ukraine: European vector, Kiev, March 2015.
  • “FCPA Compliance in the Middle East,” Strafford Webinar, London, July 2011.
  • “Countdown to the Bribery Act – Are you ready?” client breakfast seminar, London, June 2011.
  • “What You Don't Know and What Others Do Can Hurt You: Why Private Equity Should Worry about US and UK Anti-Corruption Laws,” C5 16th Forum on CEE Private Equity, London, October 2010.
  • “Minimising the Risks of Dealing in Emerging Markets,” World Bribery & Corruption Compliance Forum, London, September 2010.
  • “Detecting Patterns of Bribery: How to Conduct a Corruption Risk Assessment to Identify Trouble Spots,” 2nd Russia and CIS Summit on Anti-Corruption, Moscow, March 2010.
  • “Global Reach of the FCPA: Traps for the Unwary,” 44th BME Symposium, Berlin, November 2009.
  • “The Fundamentals of FCPA Compliance: The US Foreign Corrupt Practices Act Demystified” Workshop, ACI Fifth Annual European Forum on Anti-Corruption, London, June 2009.
  • “International Licensing,” anti-corruption presentation, Association of Corporate Counsel Seminar, Palo Alto, California, September 2008.
  • “Overcoming Anti-Corruption Compliance Challenges in China” Workshop, ACI Third Annual European Forum on Anti-Corruption, London, June 2008.
  • “The Fundamentals of FCPA Compliance: The US Foreign Corrupt Practices Act Demystified” Workshop, ACI Fifth Annual European Forum on Anti-Corruption, London, June 2009.
  • “International Licensing,” anti-corruption presentation, Association of Corporate Counsel Seminar, Palo Alto, California, September 2008.
  • “Overcoming Anti-Corruption Compliance Challenges in China” Workshop, ACI Third Annual European Forum on Anti-Corruption, London, June 2008.

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, 2012

Courts

  • U.S. Dist. Ct., Dist. of Columbia, 1981
  • U.S. Supreme Court, 1986

Languages

  • English
  • recommended in the 2014 edition of The Legal 500 UK as “highly professional”
  • recommended in the 2015 edition of The Legal 500 UK as “outstanding”

{{insights.date}} {{insights.source}} {{insights.type}}