Global Investigations Review - The law and practice of international investigations

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UK discusses contract sanctions

UK discusses contract sanctions

February 26, 2014, JUST SANCTIONS

The UK’s Foreign and Commonwealth Office (FCO) is seeking comments on the potential creation of ‘contract sanctions’, which would prevent contracts between companies and sanctioned regimes from being enforced in national courts.

SEC demands increased protection for whistleblowers

SEC demands increased protection for whistleblowers

February 24, 2014, GIR

The US Securities & Exchange Commission (SEC) has asked an appeal court to clarify the scope of the anti-retaliation provisions in the Dodd-Frank Act.

EU committees push for mandatory corporate ownership disclosure

EU committees push for mandatory corporate ownership disclosure

February 24, 2014, GIR

Two European Parliament committees have voted to amend draft money laundering rules to force corporate entities to reveal their ultimate owners.

Grant Thornton loses Tchenguiz privilege tussle

Grant Thornton loses Tchenguiz privilege tussle

February 24, 2014, GIR

The UK’s Court of Appeal has ruled that reports drawn up by audit firm Grant Thornton should be disclosed to Robert and Vincent Tchenguiz, who plan to use them in a damages claim against the UK’s Serious Fraud Office (SFO).

ASIC chair: stronger penalties are needed

ASIC chair: stronger penalties are needed

February 24, 2014, GIR

Australian Securities and Investments Commission chair Greg Medcraft says civil penalties available to the agency are inadequate.

Mary Jo White: SEC "significantly" underfunded

Mary Jo White: SEC "significantly" underfunded

February 21, 2014, GIR

Mary Jo White, chair of the US Securities and Exchange Commission, has called for more funding to ensure the agency is able to fulfil its duties. She also promised greater oversight of asset managers and the financial markets.

Second Circuit backs SDNY disgorgement ruling

Second Circuit backs SDNY disgorgement ruling

February 21, 2014, GIR

The United States Court of Appeals for the Second Circuit says an insider trader must disgorge profits made based on insider information he acted on, even though he did not personally benefit.

Swiss assistance in Brazilian bribery investigation under appeal

Swiss assistance in Brazilian bribery investigation under appeal

February 21, 2014, GIR

Brazilian authorities have opened criminal proceedings against 11 individuals in connection with a bribery investigation of French engineering company Alstom. However a series of appeals against a Swiss decision to aid the Brazilian investigation means prosecutors currently cannot access evidence that could lead to further charges.

Lufthansa Cargo caught up in bribery investigation

Lufthansa Cargo caught up in bribery investigation

February 19, 2014, GIR

Public prosecutors in Frankfurt have carried out raids at Lufthansa Cargo’s offices in connection with bribery allegations.

Norway jails insider traders

Norway jails insider traders

February 19, 2014, GIR

Norway’s Court of Appeal in Borgarting has convicted and sentenced three men for insider trading, overturning first instance acquittals.