GIR travelled to Paris to find out how the French investigative landscape has settled after the seismic shift in attitude towards investigations caused by Sapin II, the landmark anti-corruption law that came into force in July 2017.
The ruling by the AFA’s sanctions committee for the first time clarifies that companies do not have to follow the agency’s guidance word for word.
Alstom Network UK's appeal centres on whether a company can be prosecuted in the absence of its "directing minds".
Lawyers at the first-ever GIR Live in Paris have said the French agency tasked with overseeing company’s compliance programmes is requesting documents typically covered by secrecy rules.
French authorities have for the first time issued guidance on what factors will be taken into consideration before companies are offered CJIPs. However, lawyers are not impressed with the pressure the guidelines place on companies to hand over privileged documents.
French lawyers have questioned how far proposals, contained in a recently published report, will go in helping local companies cope with intrusive foreign investigations.
Following sweeping anti-corruption reforms and the country’s first deferred prosecution agreements, GIR travelled to Paris to discover who the movers and shakers are in the French investigations market.
Sherpa has asked French prosecutors to “promptly” investigate Dassault Aviation for alleged corruption related to an aircraft contract with India known as the “Rafale deal”.
French prosecutors are pursuing eye-watering penalties against UBS in an ongoing tax evasion trial to warn companies what happens when settlement negotiations break down, according to lawyers in Paris.
France’s new anti-corruption authority wants to position itself as a conciliator between foreign and French prosecutors, as it establishes how it is going to fit in among the country’s other agencies.
The decision of a Paris court to quash an insider trading case against executives of aircraft-maker Airbus Group has sparked an intense debate in France over whether criminal or administrative authorities should handle market abuse enforcement.