On October 9, the UK’s Serious Fraud Office (SFO) published new guidelines for the UK Bribery Act, setting the stage for significantly stricter enforcement of the anti-bribery law. Raymond Sweigart of law firm Pillsbury explains: “The SFO now says that it will prosecute under the Bribery Act based primarily on the statute itself rather than… Read more »
For your reference, here is a roundup of recent law firm advisories covering corruption-related happenings around the globe. Ranging from Burma sanctions to Biomet settlements, see: Fools Rush In: Social and Environmental Due Diligence in Burma (Foley Hoag LLP) “… companies should consider how they would conduct business responsibly in Burma, were the investment-related sanctions to… Read more »
Seven international updates caught our eye today. For your reference: Russia Accedes to OECD Anti-Bribery Convention (Dinsmore & Shohl) “The law defines foreign government official to include any appointed or elected official who has a position in any legislative, executive, administrative, or judicial branch of a foreign country or an individual who serves any public… Read more »
For your reference, a roundup of recent law firm commentary touching upon some of the issues central to the ongoing, global fight against bribery and corruption: DOJ’s FCPA Trial Record (Michael Volkov) “The O’Shea case was an unfortunate result. The judge was no friend of DOJ. He has a reputation as an anti-government judge, and… Read more »
For your interest, recent legal updates on the Mabey & Johnson corruption case unfolding in UK courts, with a specific focus on the recovery and confiscation of dividends and what this might mean re: corruption oversight for investors in public companies: - Confiscation of Dividends by the SFO: Implications for Investors (White & Case) “The… Read more »
If you do business in China, staying current with its regulations and business environment is paramount. For your reference, here’s a reading list of commentary and analysis by lawyers and law firms on JD Supra on recent events. China Clarifies and Expands Reporting Obligations of Foreign Enterprises on Indirect Equity Transfers (Sheppard Mullin Richter & Hampton… Read more »
