News

The Petrofac bribery schemes: where, what and how

UK oil services company Petrofac has admitted to failing to prevent its agents and employees from paying bribes to win contracts worth billions of dollars throughout the Middle East. GIR takes a deep dive into the bribery schemes and compliance failures that led to the guilty plea.

05 October 2021

A look back at GIR Connect: Paris

The virtual conference featured a keynote from Total general counsel Aurélien Hamelle and was co-chaired by Jonathan Mattout of Herbert Smith Freehills and Laura Perkins of Hughes Hubbard & Reed. A video of the entire programme is online now.

05 October 2021

Petrofac sentenced in “systemic, serious and grave” foreign bribery case

A London court has ordered oil services company Petrofac to pay £77 million after the company admitted seven counts of failing to prevent bribery between 2011 and 2017.

04 October 2021

Petrobras compliance chief: “We have finally turned the page”

The Brazilian state oil company’s three-year non-prosecution agreement with the DOJ over FCPA violations has ended, bringing to a close a case that started in 2014.

04 October 2021

White-collar lawyers join Holman Fenwick Willan

Two UK investigations lawyers, who represented US engineering company KBR in its recent landmark win against the SFO, have left Miami-headquartered Greenberg Traurig to join their new firm in London.

04 October 2021

Former senior DOJ official: Prosecutors take their Brady obligations “extraordinarily seriously”

A former Fraud Section official told GIR in an interview that despite the recent concerns raised regarding Brady materials, prosecutors have every intention to comply with their constitutional obligations.

04 October 2021

Fraud Section introduces more management changes

The DOJ sees more personnel changes as a handful of prosecutors are promoted to senior Fraud Section roles.

01 October 2021

Petrofac pleads guilty over Middle East bribery schemes

The Serious Fraud Office has recommended that a London court order UK-based oilfield services company Petrofac to pay a fine of over $90 million after the company pleaded guilty to failing to prevent bribery.

01 October 2021

Inside SNC-Lavalin’s World Bank monitorship

SNC-Lavalin’s compliance chief and monitor talk to GIR about the eight years the engineering company spent under the World Bank’s supervision. “Just when you feel like you have figured out the business, it changes,” said the monitor.

01 October 2021

People News: OECD begins search for new chair of bribery working group

The Organisation of Economic Co-Operation and Development has begun its search for a new chair of its bribery working group, and cryptocurrency exchange Binance has hired two former Internal Revenue Service cyber specialists.

01 October 2021

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