Global Investigations Review - The law and practice of international investigations

News

Russia creates new anti-corruption body

December 04, 2013, GIR

Russian president Vladimir Putin has ordered the creation of a new anti-corruption department within the government to monitor current laws and advise on potential reforms.

European Commission issues record Euribor/Libor fines

December 04, 2013, GIR

The European Commission today imposed record fines of €1.7 billion on seven banks and one broker in a settlement for fixing the Libor and Euribor benchmark interest rates.

TotalErg caught up in tax fraud investigation

December 03, 2013, GIR

Energy company TotalErg confirmed that officials from Italy’s Guardia di Finanza had inspected its offices in relation to a tax fraud investigation.

Weatherford agrees US$253 million settlement with US authorities

December 03, 2013, GIR

Gibson Dunn & Crutcher partner F Joseph Warin and of counsel Michael J Edney in Washington, DC advised oil and gas services company Weatherford International on its US$253 million settlement with US authorities.

Germany raids Commerzbank in tax fraud investigation

December 03, 2013, GIR

German prosecutors have raided the offices of Commerzbank in relation to a tax fraud investigation concerning a foreign life insurance company.

France carries out fresh UBS tax fraud raid

December 02, 2013, GIR

French authorities have raided the offices of Swiss bank UBS for a second time as their investigation of alleged tax fraud continues.

Developing world loses out in foreign bribery investigations, says World Bank

November 29, 2013, GIR

Just three per cent of fines imposed on parties involved in bribing foreign officials are returned to the country in which the infringement occurred, according to a World Bank study.

Ukraine agrees to create anti-corruption ombudsman, says EBRD

November 29, 2013, GIR

The collapse in trade negotiations between the European Union and the Ukrainian government will not affect the former Soviet state’s proposed anti-corruption agreement with the European Bank for Reconstruction and Development (EBRD).

Finnish court dismisses record state damages claim

November 28, 2013, GIR

The Finnish government department responsible for roads was aware of and participated in the asphalt cartel, the Helsinki District Court ruled today.

SDNY follows South Texas on Dodd-Frank extraterritorial reach

November 27, 2013, GIR

A US federal court has ruled that a former Chinese employee of Siemens cannot rely on Dodd-Frank anti-retaliation provisions.