Global Investigations Review - The law and practice of international investigations

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IRS disgorgement memo to affect SEC settlement negotiations

IRS disgorgement memo to affect SEC settlement negotiations

Contrary to what many defence lawyers believe, the IRS has indicated that there are strict limits on when a company can claim that an SEC disgorgement payment is tax-deductible.

FCPA Docket: Petrobras prosecutors investigate US Steel Corp subsidiary

FCPA Docket: Petrobras prosecutors investigate US Steel Corp subsidiary

25 May 2016: In the latest FCPA news, a US steel company's subsidiary is caught up in the Petrobras bribery investigation, and a Swiss bank is penalised in the 1MDB case.

Boies Schiller hires New York white-collar boutique lawyers

Boies Schiller hires New York white-collar boutique lawyers

Sean O’Shea, a New York white-collar defence lawyer, has given up his own firm of 20 years and moved to Boies Schiller & Flexner as partner to work on larger cases.

DOJ was unsatisfied with Conmebol cooperation in Fifa bribery case

DOJ was unsatisfied with Conmebol cooperation in Fifa bribery case

The Justice Department found soccer confederation Conmebol, which has recently switched law firms, uncooperative during the Fifa-tied bribery investigation, according to sources close to the case.

FCPA Docket: Parker Drilling ends three-year DPA

24 May 2016: In the latest FCPA news, Parker Drilling sheds a three-year deferred prosecution agreement (DPA) with the Justice Department, and the US Treasury Department’s Financial Industry Regulatory Authority (FINRA) sanctions a former compliance officer for failing to implement anti-money laundering controls.

Andrew Weissmann: A key question in the Filip factors presentation

The way a company answers a particular question during so-called Filip factor presentations can be a “real sign” of the effectiveness of its compliance programme, the Justice Department’s criminal fraud section chief said on 23 May.

FCPA Docket: Sigelman fee dispute with Quinn Emanuel heads to arbitration

23 May 2016: In the latest news round-up, a Florida appeals court refuses to stay the arbitration of a fee dispute between Quinn Emanuel Urquhart & Sullivan and former PetroTiger CEO Joseph Sigelman, and a US networking technology company settles an FCPA-related whistleblower lawsuit brought by a former in-house lawyer.

FCPA Docket: South American soccer association drops McDermott

20 May 2016: In the latest news round-up, South American soccer governing body Conmebol swaps legal representation and a report by non-profit Global Witness sparks uproar in Liberia.

Scholars attack use of judges as rubber-stamps in white-collar cases

In separate commentaries published on 18 May, two law professors expressed concern over judges’ diminishing authority to oversee cases, citing recent matters involving HSBC and Fokker.

FCPA Docket: Standard Chartered, Rolls-Royce and Wal-Mart

19 May 2016: In the latest FCPA news, the SFO expands its investigation into potential foreign bribery at Rolls-Royce to Nigeria, and London-based bank Standard Chartered reportedly informs the DOJ of alleged bribery at MAXpower.

Editor's picks

Lawyers question constitutionality of DOJ’s anti-corruption proposal

Lawyers question constitutionality of DOJ’s anti-corruption proposal

One part of the Justice Department’s proposed anti-corruption legislation could be unconstitutional, say lawyers, because the law does not make clear what crimes it intends to cover.

DOJ wants new FCPA prosecutors on two-year contracts

DOJ wants new FCPA prosecutors on two-year contracts

The Justice Department is hiring new Foreign Corrupt Practices Act unit prosecutors on two-year contracts, suggesting the recruitment drive is being funded from corporate fines.

  • Yates says her memo's producing positive results

    Yates says her memo's producing positive results

    Deputy US Attorney General Sally Yates defended the department’s new policy on individual white collar-crime prosecutions at a conference today just after her predecessor appeared on a panel and picked it apart.

 

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