Unaoil-linked companies disclose updates on investigations

KBR and Petrofac have provided updates on their respective bribery investigations related to Monaco-based consultancy Unaoil.

US scientist detained in Moscow on bribery charges

Prosecutors in Moscow have charged a US scientist with facilitating bribery of a former official in the Russian government.

Ex-Unaoil CEO orchestrated allegedly illicit payments, court hears

Unaoil’s former CEO arranged for payments to an Iraqi government official handling a massive oil project that is at the heart of an ongoing bribery trial, a court has heard.

Wells Fargo employees routinely warned leadership of “growing plague” of misconduct

Senior leadership at US-based Wells Fargo’s community bank repeatedly ignored warnings that unlawful sales practices at the bank, which led to a $3 billion settlement, were “spiralling out of control”.
Further delays in CGU’s Rolls-Royce investigation

Brazil’s CGU has extended its deadline on whether to impose penalties on UK engineering company Rolls-Royce as part of a long-running bribery investigation by another 180 days.
Unaoil paid Iraq official for security not information, says former executive

A former Iraq territory manager at Monaco-based oil consultancy Unaoil has told a London court that alleged bribes paid to a government official were in fact made to cover his security costs.

Judge shuts down Morgan Stanley whistleblower case

A US Department of Labor judge has rejected an FCPA whistleblower’s lawsuit against Morgan Stanley because the former employee was based abroad.

Former Barbados minister Inniss bids to nix conviction

Donville Inniss has asked a Brooklyn federal judge to throw out his money laundering conviction after he was found guilty of laundering bribes through a US bank account.

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Halkbank agrees to contest indictment in court

The Turkish state-owned Halkbank has said it will appear in US federal court to dispute sanctions and money laundering charges, ending a months-long stand-off with US prosecutors.

Tourism industry attracts lion’s share of Helms-Burton cases

An analysis of all lawsuits filed against companies for trafficking in seized Cuban property reveals the industries most at risk of being sued.

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Comment & analysis

Navigating the pitfalls of trade secret protection under Swiss Law

Saverio Lembo and Joel Fischer from Bär & Karrer explore trade secret protection in civil, criminal and extrajudicial proceedings in Switzerland. They discuss the dilemma that a company wishing to go to court may face: suing its opponent with the highest chances of success or protecting its secrets at all costs.

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Community

People News: Former SEC lawyer enters private practice

In the latest people news, a former US Securities and Exchange Commission trial lawyer joins Morrison & Foerster and Simpson Thacher has appointed a new national security regulatory practice leader.

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Interviews

Olivier Catherine on Sapin II, AFA audits and the French paradox

The Paris-based group general counsel at French electrical parts distributor Sonepar – the first company to have successfully completed an audit by France’s...

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