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Results: 1-10 of 29

$9.5 million fine is first significant action under Canada’s foreign corruption law

  • McCarthy Tétrault LLP
  • -
  • Canada
  • -
  • June 27 2011

On June 24, 2011, after entering a plea of guilty to a charge of bribing a foreign public official, Calgary-based Niko Resources Ltd. (Niko) was sentenced to a fine of approximately $9.5 million and placed on three years’ probation

Middle east update - July 2012

  • Dentons
  • -
  • Egypt, Jordan, Kuwait, Lebanon, Oman, Qatar, Turkey, United Arab Emirates
  • -
  • July 17 2012

This Update is produced on a monthly basis

Other news and developments

  • Cadwalader Wickersham & Taft LLP
  • -
  • USA
  • -
  • November 30 2009

On November 23, 2009, the Department announced the unsealing of an indictment of John Joseph O’Shea ("O’Shea") of California, the former general manager of the Texas office of a U.S. subsidiary of Swiss electrical engineering company, ABB Ltd. (“ABB”), upon his arrest for his alleged role in a conspiracy to bribe Mexican officials to secure contracts worth $81 million from the Mexican state electricity company, Comision Federal de Electricidad (“CFE”

Review of 2009 and preview of 2010

  • Herbert Smith Freehills LLP
  • -
  • European Union, United Kingdom
  • -
  • January 15 2010

The transition from 2009 to 2010 sees some significant legislative chapters closing, notably the Companies Act 2006, Rome I and II, the Banking Act 2009 and the Lisbon Treaty

Bribing Rio Tinto executives suffer Chinese liberty takeaway

  • MacRoberts LLP
  • -
  • China
  • -
  • March 29 2010

A Chinese court has found four employees of mining company, Rio Tinto, guilty of bribery and theft of trade secrets

DOJ and SEC settle freight forwarding FCPA matters with seven companies for $236 million

  • Edwards Wildman Palmer LLP
  • -
  • USA
  • -
  • November 8 2010

The US Securities & Exchange Commission ("SEC") and the US Department of Justice ("DOJ") last week announced settlements with no fewer than seven oil services and freight forwarding companies in connection with charges that the companies had violated the Foreign Corrupt Practices Act by paying millions of dollars in bribes to foreign officials

Denial of input VAT deduction for failure to identify a connection with VAT fraud Court of Appeal in Mobilx rejects HMRC test of knowledge but requires traders to consider the circumstances of each trade or transaction

  • Herbert Smith Freehills LLP
  • -
  • United Kingdom
  • -
  • October 18 2010

It was reported on 7 September 2010 that HMRC have identified the first cases of attempted VAT fraud in the wholesale gas and power markets

Record FCPA settlements continue, important lessons to be learned

  • Andrews Kurth LLP
  • -
  • USA
  • -
  • November 9 2010

The trend of record-breaking settlements under the Foreign Corrupt Practices Act (“FCPA”) continued last week when, on November 4, 2010, the U.S. Department of Justice (“DOJ”) and the Securities and Exchange Commission (“SEC”) announced that the agencies had reached settlements totaling more than $236 million with seven oil and gas and oilfield services companies

Intermediaries indicted for involvement in scheme to bribe Mexican officials

  • Cadwalader Wickersham & Taft LLP
  • -
  • Mexico, USA
  • -
  • September 29 2010

On September 15, 2010, a Los Angeles grand jury indicted Enrique Faustino Aguilar Noriega and Angela Maria Gomez Aguilar for their alleged roles in a conspiracy to bribe officials at Mexican government-owned electric utility company Comision Federal De Electricidad (CFE) and to launder money

Canada gets serious about foreign anti-corruption enforcement

  • Osler, Hoskin & Harcourt LLP
  • -
  • Canada
  • -
  • June 27 2011

On Friday June 24, 2011, Niko Resources Ltd. (Niko), a TSX-listed international oil and natural gas exploration and production company, entered a plea of guilty to a single charge under Canada’s Corruption of Foreign Public Officials Act (CFPOA), the first major public enforcement action Canada has taken since its 1999 proclamation

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