We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.
In cooperation with Association of Corporate Counsel
  Request new password

Search results

Order by most recent / most popular / relevance

Results: 1-10 of 30

Three executives of Turkish oil company Genel Enerji fined £1.16 million by the FSA for market abuse - Final Notices

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • February 23 2010

On 16 February 2010 the Financial Services Authority (FSA) published Final Notices relating to the following three executives of Genel Enerji A.S. (Genel), a Turkish registered company with oil operations in the Kurdistan region of Northern Iraq, for engaging in market abuse in contravention of sections 123(1) and 118(2) Financial Services and Markets Act 2000 (FSMA

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

Impact of the Bribery Act

  • Dorsey & Whitney LLP
  • -
  • United Kingdom
  • -
  • July 27 2011

BHP Billiton Ltd., the world’s largest mining company, has reportedly banned the use of facilitation payments to bring it in line with the Act, which came into force on 1 July 2011

This week at the UK regulators - 11 November 2013

  • Clifford Chance LLP
  • -
  • United Kingdom, USA
  • -
  • November 11 2013

In a relatively quiet week at the UK regulators, the most significant developments has been a statement confirming that investigations commenced

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

Four guilty in £70 million contracts corruption case

  • McGuireWoods LLP
  • -
  • United Kingdom
  • -
  • February 8 2012

Four men have been convicted of conspiring to corruptly obtain payments by supplying confidential information about a series of high-value engineering projects in the oil and gas engineering industry

How to make a noose out of a loophole JP Morgan’s energy market abuse case

  • Shepherd & Wedderburn LLP
  • -
  • United Kingdom, USA
  • -
  • August 8 2013

The $400 million package agreed by JP Morgan with the US federal energy regulator to settle its energy market abuse case against the firm, announced

DECC issues draft GB remit enforcement regulations

  • Bird & Bird
  • -
  • United Kingdom
  • -
  • June 17 2013

On 6 June, the Department of Energy and Climate Change (DECC) issued the draft Regulations to give the energy regulator Ofgem powers to investigate

Three Turkish oil company executives fined £1.16 million for market abuse

  • Norton Rose Fulbright LLP
  • -
  • United Kingdom
  • -
  • February 22 2010

The Chief Executive Officer of a Turkish oil exploration company called Genel Enerji (Genel) has been fined £967,000 for dealing in the shares of Heritage Oil Plc (Heritage) on the basis of inside information

UK biofuel fraud

  • Dentons
  • -
  • United Kingdom
  • -
  • September 20 2013

The UK's Serious Fraud Office (SFO) recently charged four men with conspiracy to commit fraud worth an estimated £23m involving promotion of biofuel