SFO issued revised Bribery Act guidance *

United Kingdom - October 29 2012
On 9 October the SFO issued revised policies setting out its approach to the Bribery Act 2010.

Co-authors: Harriet Territt, Sion Richards, Craig C. Shuttleworth, Barnaby C. Stueck , Glyn Powell .

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Asil Nadir convicted of theft *

United Kingdom - October 29 2012
Having returned from self-imposed exile to face trial, the former Polly Peck head was convicted on 10 counts of theft from the company he built.

Co-authors: Harriet Territt, Sion Richards, Craig C. Shuttleworth, Barnaby C. Stueck , Glyn Powell .

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HM Treasury publishes clarification of how the Office of Foreign Assets Control's ("OFAC") Iran sanctions regulations apply to foreign banks operating in the US (13 August) *

Iran, United Kingdom, USA - October 29 2012
On 13 August 2012, HM Treasury published a letter (dated 8 August 2012) that it had received from the US Department of the Treasury relating to OFAC's Iran sanctions regulations.

Co-authors: Harriet Territt, Sion Richards, Craig C. Shuttleworth, Barnaby C. Stueck , Glyn Powell .

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General Reinsurance Corp and AIG executives agree DPAs *

USA - July 13 2012
Four senior executives from Gen Re and one from AIG were convicted of fraud charges in 2008 and sentenced to prison before a federal appeals court overturned the verdicts and ordered a new trial.

Co-authors: Harriet Territt, Sion Richards, Craig C. Shuttleworth, Barnaby C. Stueck , Glyn Powell .

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VTB Capital PLC v Nutritek International Corp [2012] EWCA Civ 808 (20 June) *

United Kingdom - July 13 2012
VTB Capital PLC appealed against a decision ([2011] EWHC 3107 (Ch)) which refused permission to amend to add claims in contract on the basis that the court should pierce the corporate veil of Nutritek International so as to make various defendants liable as parties under the facility agreement.

Co-authors: Harriet Territt, Sion Richards, Craig C. Shuttleworth, Barnaby C. Stueck , Glyn Powell .

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