Global Investigations Review - The law and practice of international investigations

Just Anti-Corruption

Swiss asset manager becomes latest to attack DOJ agency theory

Swiss asset manager becomes latest to attack DOJ agency theory

October 28, 2020, Just Anti-Corruption

The DOJ’s case “falls back on the increasingly popular crutches of ‘conspiracy’ and ‘agency’ that the United States uses to pursue foreign nationals it otherwise lacks jurisdiction over,” defence counsel said.

Transport exec sentenced to four years for Russia bribery scheme

Transport exec sentenced to four years for Russia bribery scheme

October 28, 2020, Just Anti-Corruption

A Maryland judge sentenced Mark Lambert to 48 months in prison for his role in a corrupt scheme to win lucrative contracts with Russia’s state-owned uranium company.

DOJ differs with SEC over Beam Suntory conduct

DOJ differs with SEC over Beam Suntory conduct

October 27, 2020, Just Anti-Corruption

The beverage company’s $19 million FCPA settlement with the DOJ contrasts markedly with an old SEC resolution over the same conduct.

Odebrecht-linked case raises “novel issues” over foreign convictions

Odebrecht-linked case raises “novel issues” over foreign convictions

October 27, 2020, Just Anti-Corruption

The son of Ecuador’s former comptroller general has pushed back against the SEC, arguing that the commission can’t bring proceedings hinged on a guilty verdict in Ecuador.

Demand for large investigations has dipped, lawyers say

Demand for large investigations has dipped, lawyers say

October 26, 2020, Just Anti-Corruption

GIR spoke to a dozen industry insiders about a perceived decline in large corporate investigations since the pandemic. “It’s a little nerve-wracking,” one lawyer said.

Ex-Braskem CEO fails in bid to nix FCPA case

Ex-Braskem CEO fails in bid to nix FCPA case

October 23, 2020, Just Anti-Corruption

But in rejecting the motion to dismiss, the presiding federal judge said: "Defendant’s robust attack on the indictment does raise issues that may warrant critical attention after an evidentiary record has been established”.

Compliance “double standard” cost Goldman Sachs dearly

Compliance “double standard” cost Goldman Sachs dearly

October 23, 2020, Just Anti-Corruption

US authorities highlighted how the bank failed to snuff out wrongdoing in the 1MDB scheme despite continued suspicions and significant red flags. “This has been an exceptionally trying experience I have to admit,” said one compliance executive.

Goldman Sachs agrees historic 1MDB resolution

Goldman Sachs agrees historic 1MDB resolution

October 22, 2020, Just Anti-Corruption

Goldman Sachs has agreed to a $2.9 billion global settlement with a record-breaking 10 authorities for its role in a corruption scheme. The resolution includes the largest-ever penalty paid to US authorities in a foreign bribery case.

“It simply makes no sense”: Legal societies attack DOJ’s agency theory

“It simply makes no sense”: Legal societies attack DOJ’s agency theory

October 21, 2020, Just Anti-Corruption

Legal associations argued that the DOJ’s “amorphous” agency theory in its pursuit of Lawrence Hoskins threatens to improperly extend criminal liability in the US.

FCPA Docket: Broidy, Goldman Sachs and Odebrecht

FCPA Docket: Broidy, Goldman Sachs and Odebrecht

October 20, 2020, Just Anti-Corruption

In today’s news round-up, a former Republican fundraiser pleads guilty in a 1MDB-linked case, Goldman Sachs nears a US resolution over the Malaysian corruption scandal, and Odebrecht’s monitorship progresses towards a “final decision”.