With prosecutors and local lawyers unpersuaded by the value of internal investigations and an enforcement agency that many believe lacks sufficient oversight, Norway can be a challenging jurisdiction for investigators. Waithera Junghae went to Oslo to find out more.
The man who blew the whistle on alleged corruption at Iceland’s biggest fisheries company has said that bribery payments may have doubled after he left the organisation.
Icelandic authorities are probing embattled fisheries company Samherji in the wake of allegations it paid millions of dollars in kickbacks to public officials in Namibia.
In the latest counsel watch, Icelandic fishing company executives have hired local lawyers in an emerging bribery scandal and the daughter of the co-founder of Kazakh mining company ENRC changes counsel.
Norwegian authorities are investigating the country’s largest bank over potentially illicit transactions linked to an emerging bribery scandal in Namibia.
Major Norwegian bank DNB has “significant deficiencies” in its compliance with anti-money laundering regulations, Norway’s Financial Supervisory Authority has said.
Tidal, the online music service co-owned by US rapper Jay-Z, has threatened Norway with its first known investment treaty arbitration claim – over Økokrim’s conduct in a criminal investigation into alleged manipulation of streaming figures.
Proposed changes to Norway’s laws will address concerns raised by the OECD about potential obstacles to the prosecution of foreign bribery cases, a local white-collar lawyer said.
A Norwegian appeals court has overturned the convictions of three former Yara International executives who were accused of bribing Libyan and Indian officials to obtain contracts.
Europe’s top human rights court has affirmed that double jeopardy rules are not violated if dual proceedings are interconnected and conducted parallel to one another.
Norway’s second failed tax evasion prosecution echoes the collapsed Transocean case and shows police are still failing to conduct independent investigations into tax matters, says the defence counsel in the case.