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UK Bribery Act makes business a bit slippery for oil & gas industry

  • Chadbourne & Parke LLP
  • -
  • United Kingdom, USA
  • -
  • January 3 2011

On November 4, 2010, U.S.-based Panalpina, Inc. (and its parent Panalpina World Transport Holding Ltd.) (Panalpina), a Swiss freight forwarding company, along with six other companies in the oil & gas industry, settled Foreign Corrupt Practices Act (the FCPA) charges with the Department of Justice and the Securities and Exchange Commission (SEC