Companies in France face greater enforcement risk after successor liability U-turn

Companies in France may now be held liable for illicit acts committed by their subsidiaries before they were acquired, following a landmark court decision.

27 November 2020

ENRC loses attempt to strike out Gerrard’s harassment claims

A London court has allowed Dechert’s co-head of investigations, Neil Gerrard, to continue with a lawsuit against former client ENRC for allegedly harassing him.

27 November 2020

US companies’ foreign subsidiaries continue to pose major sanctions risk

The Treasury Department has underscored through penalties it has handed down this year for sanctions violations that US-based companies must subject their foreign subsidiaries to intense scrutiny.

27 November 2020

Ex-KPMG partner asks to avoid prison in fraud case

Former accountant Thomas Whittle says he deserves to avoid prison for helping prosecutors convict two individuals over a scheme to illicitly obtain confidential information from a US accounting regulator.

26 November 2020

Ex-Deutsche Bank traders challenge DOJ’s spoofing loss calculations

Two convicted former traders say a new method used by the DOJ to calculate losses caused by spoofing may dramatically increase their potential sentences.

26 November 2020

France’s anti-bribery regime provides blueprint for EU enforcement

A prominent French legal think tank has recommended using France’s landmark Sapin II legislation as a model for an EU-wide anti-corruption law.

25 November 2020

Ex-Citgo manager questions DOJ’s instrumentality argument

A foreign bribery case has focused on whether an employee of PDVSA’s US subsidiary is a government official under the FCPA.

25 November 2020

BCLP recruits former SFO lawyer

Kirkland & Ellis partner Sarah Klein is leaving the firm to join Bryan Cave Leighton Paisner in London.

25 November 2020

Counsel Watch: Goldman lawyers up in sexual misconduct case

In the latest counsel watch, a UK-based mining company with links to Russia has retained forensic investigators to investigate historic conduct and Goldman Sachs has hired Kaplan Hecker & Fink to help stave off allegations it covered up sexual misconduct.

25 November 2020

JPMorgan slapped with $250 million fine over compliance issues

The US Treasury’s Office of the Comptroller of the Currency handed JPMorgan Chase Bank a $250 million penalty over internal controls and audit failures.

24 November 2020

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