Global Investigations Review - The law and practice of international investigations

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DOJ’s changing compliance approach is impractical, in-house lawyers say

DOJ’s changing compliance approach is impractical, in-house lawyers say

The absence of a specialist compliance counsel could leave prosecutors ill-equipped to evaluate the remediation efforts of companies ensnared in foreign bribery investigations, in-house lawyers say.

Criminal division deputy: Petrobras settlement shows commitment to 'piling on' policy

Criminal division deputy: Petrobras settlement shows commitment to 'piling on' policy

The principal deputy of the DOJ’s criminal division has said that the recent Petrobras settlement is a sign of the DOJ’s commitment to reducing “piling on” in a keynote speech in which he also highlighted the importance of transparency.

Swedish telecoms company says foreign bribery fine now likely

Swedish telecoms company says foreign bribery fine now likely

Ericsson, a Swedish telecoms company, has said it will probably have to pay a penalty to resolve a long-running Foreign Corrupt Practices Act probe.

Fresenius's FCPA penalty increases as settlement talks advance

Fresenius's FCPA penalty increases as settlement talks advance

German healthcare company Fresenius Medical Care has set aside a further $86 million for an upcoming foreign bribery settlement with US authorities.

The Lava Jato of Ecuador

The US Department of Justice’s prosecution of individuals accused of participating in a bribery scheme at Ecuador’s state-controlled oil company PetroEcuador is just a small part of a sprawling corruption scandal.

Vinson & Elkins snags former DOJ official

Ronald Tenpas, a former member of the Trump transition team for the DOJ who was once in the running to lead the criminal division, has joined Vinson & Elkins as a partner in Washington, DC.

Cobalt class action reaches partial settlement for $147 million

A group of financial backers for Cobalt International Energy, including Goldman Sachs, have agreed to pay $147 million to settle several claims including an allegation that the oil company misled investors about the involvement of Angolan officials in an oil deal.

SDNY chief: Monitorship pitches are often “generic and ill-informed”

The Manhattan US attorney told defence lawyers last week that too often their bids for monitorships are below par.

FCPA-related personnel and policy changes

Criminal division scraps compliance counsel, unveils new hiring strategy

The new head of the criminal division Brian Benczkowski has said the specialist compliance counsel position previously used by the fraud section was shortsighted.

DOJ refines monitorship policies

The DOJ's criminal division has updated its policy on the imposition of corporate monitorships and the selection process.

Editor's picks

Petrobras sovereign immunity claim fostered leniency, lawyers say

Petrobras sovereign immunity claim fostered leniency, lawyers say

The DOJ may have shied away from a more severe deal with Petrobras because of the Brazilian state-owned oil company’s assertion that it should be immune from prosecution, lawyers say.

DOJ appoints compliance monitor to oversee Panasonic DPA

DOJ appoints compliance monitor to oversee Panasonic DPA

Following a $280 million foreign bribery settlement with US authorities, the DOJ has chosen the compliance monitor for Panasonic Avionics.

 

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