Zack Shahin (ZS), a US national and former CEO of property developer Deyaar, has been convicted of accepting a Dh20 million (over £3.5 million) bribe in return for awarding contracts to two other companies. read more
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Last month it emerged that Rolls-Royce was co-operating with the Serious Fraud Office (SFO) in investigating allegations of bribery and corruption in connection with the manufacturer's Indonesian and Chinese operations. read more
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The Government of Greece announced a settlement with Siemens in relation to long-running allegations that Siemens used bribery to secure contracts for the 2004 Athens Olympic games, it was reported on 27 August 2012. read more
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Oxford University Press (" OUP"), the academic publishing department of Oxford University, has been fined following a High Court action over two OUP subsidiaries based in Kenya and Tanzania. The two wholly-owned subsidiaries made payments to attempt to influence the results of tenders for contracts to supply text books to schools, two of which were funded by the World Bank. read more
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On 11 June, Paul Jennings, the former chief executive of US chemicals company, Innospec, pleaded guilty to two counts of bribery before Southwark Crown Court. read more
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A survey by Ernst & Young has revealed that 15% of top level executives at companies have indicated that they would be willing to pay bribes to gain and retain business. This is despite the very clear serious criminal consequences for companies and executives under the Bribery Act. Further, only 66% of respondents to the survey confirmed that they carried out proper due diligence of third parties in emerging markets. This again leaves companies vulnerable under the Bribery Act and potentially unable to avail themselves of the statutory 'adequate procedures' defence under the Act should problems arise. The survey reports that as many as 42% of respondents had not even received training on the company's anti-corruption policy. The E&Y survey is available here. read more
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There have been two recent developments in relation to the investigations being undertaken by the City of London Police into potential bribery issues at the European Bank for Reconstruction and Development (EBRD). read more
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Two former executives of a subsidiary of Volvo have been convicted of paying bribes to Saddam Hussein's former regime in Iraq. Rune Lundberg and Hakan Nirstedt were found by the Swedish court to have paid $3.6 million in order to secure contracts for their company, Volvo Construction Equipment International AB (VCEI). read more
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Siemens has agreed to pay around €270 million in settlement of a claim relating to bribing Greek officials. read more
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Transparency International UK has recently published a new report entitled " Deterring and punishing corporate bribery: An evaluation of UK corporate plea agreements and civil recovery in overseas bribery cases". read more
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In March 2010, Innospec Ltd, the UK arm of a US-based fuel additives manufacturer, pleaded guilty to charges of bribing public officials in Indonesia in a plea agreement with the SFO. read more
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In January 2012, Santos Ramirez, a close ally of Bolivian President Evo Morales and former president of the state-owned YPFB oil company, was successfully convicted of corruption for accepting bribes. read more
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In an update to our blog post of 5 September 2011, which can be found here, Southwark Crown Court has handed down the first sentence for a conviction under the Bribery Act. read more
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According to The FCPA Blog the sales practices of large pharmaceutical companies have for a long time involved (and may still involve) payments of some sort to doctors, in exchange for recommendations for their products or actual sales. read more
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We’d like to welcome you to our new firm, Edwards Wildman Palmer LLP. On August 15, the law firms of Edwards Angell Palmer & Dodge and Wildman, Harrold, Allen & Dixon announced they would officially merge on October 1 – and here we are! read more
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According to the website Main Justice, the U.S. Justice Department has clarified its position on a key interpretation of the FCPA anti-bribery provisions. read more
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In Sinclair Investments (UK) Limited v Versailles Trading Finance Limited & Others [2011] EWCA Civ 347 the Court of Appeal considered the relief available following the breach of a fiduciary duty. read more
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The law of bribery in England and Wales is widely regarded as outdated and uncertain. The Government has been under significant international pressure to revise and simplify the law, in particular from the Working Group responsible for monitoring compliance with the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, to which the United Kingdom is signatory. read more
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Two former directors and a sales manager of UK engineering firm Mabey & Johnson have been convicted of bribing government officials in Iraq in order to secure a contract to supply bridges. read more
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Janaagraha, a Bangalore-based NGO has launched an innovative online forum that will attempt to tackle corruption. read more
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The World Bank has declared that 'the entire Macmillan entity' has been banned from taking up World Bank contracts after it emerged that the company had made 'corrupt payments' in 2008 and 2009 in an effort to influence the award of a World Bank-supported education project worth millions of dollars. read more
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In R v Dougall [2010] EWCA Crim 1048, Robert Dougall, a former senior healthcare executive, who held the positions of vice president of DePuy Inc and marketing director of DePuy International, has been jailed for 12 months after being found guilty of helping to pay more than £4.5 million in bribes to Greek officials. read more
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Building Magazine has revealed that MW Kellogg plans to report itself to the Serious Fraud Office (SFO) about its misconduct in Nigeria during the construction of the Bonny Island natural gas plant in the Niger delta in return for more lenient penalties by the SFO. London based MW Kellogg is jointly owned by the US engineering and construction company Kellogg, Brown & Root (KBR) and the Japanese Japan Gasoline Company (JGC) Corporation. read more
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The strained relationship between the US and the UK in relation to extradition has again been put under the spotlight recently in relation to an alleged international bribery scam. read more
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As previously reported here Innospec Ltd has admitted to bribing officials in Indonesia and accepted financial penalties in an unprecedented plea agreement with the Serious Fraud Office (SFO). read more
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As previously reported here Innospec Ltd is facing bribery charges brought by the Serious Fraud Office (SFO). read more
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The ongoing investigations into the business practices of Siemens have been further highlighted after former Siemens AG CEO, Heinrich Von Pierer, was fined by German prosecutors for negligently failing to carry out his corporate supervisory obligations. The investigations relate to accusations that Siemens have been party to corruption and bribery in order to secure client orders. The company has already agreed to pay substantial fines in both Germany and the United States. read more
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The Serious Fraud Office announced on 25 February 2010 that it had charged Innospec Ltd, the UK arm of US-based fuel additives manufacturer Innospec, with conspiracy to break British anti-bribery laws. read more
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