Anyone who thought that the Bribery Act 2011 might not impact real estate should pause for thought. Whilst most companies have put strict policies in
On June 27, 2016, the United States Supreme Court unanimously vacated the conviction of former Virginia Gov. Bob McDonnell on corruption charges and
A recent decision of the Royal Court, Lloyds Trust Co (CI) Limited v. Fragoso 2013 JRC 211, has clarified the basis upon which professional
On February 5, 2013, the Government of Canada announced important amendments to the Corruption of Foreign Public Officials Act (CFPOA). It is
The SFO has exercised its powers to seek civil recovery of the proceeds of crime once again, resulting in an Order against Oxford Publishing Limited to pay almost £1.9 million.
High-profile reports such as the BBC Panorama’s uncovering of shocking mistreatment of mentally ill patients at the Winterbourne View care-home or this week’s revelations of financial mismanagement at Japanese electronics company Olympus causing a fall in share price by as much as 30 demonstrate the power of whistleblowing and the negative effects a public disclosure can have on a business.
US companies doing business throughout the world, having become comfortable with compliance programs under the Foreign Corrupt Practices Act, must now brace for new enforcement initiatives compelled by the UK Bribery Act of 2010, which went into effect in July 2011.
In the wake of allegations of police bribery by journalists at the News of the World, U.S. lawmakers have called for investigations into whether Rupert Murdoch’s News Corporation, which is incorporated in the United States, violated the FCPA by allegedly bribing law enforcement officials to gain access to private telephone information and records.
In this inaugral issue find out what you need to know about the long awaited Bribery Act.
On Monday of this week I reported in the Financial Times the increasing reliance by the OFT on whistleblowers who come to the OFT through its leniency programme to reveal details of anti-competitive arrangements in exchange for immunity from civil fines and criminal penalties.