Guidance on EU law blocking US sanctions prompts more questions

“On balance, this guidance is likely to make life more difficult for EU companies,” said one sanctions expert.

13 May 2021

Swedish Ericsson probe closing in on former employees

Sweden is investigating alleged bribery by former Ericsson employees in Djibouti and two other countries, a local prosecutor told GIR in an interview.

12 May 2021

EU’s highest court clarifies law blocking US sanctions

The EU’s highest court has said in an opinion that a German company should reinstate its relationship with an Iranian bank if the decision to cut ties was made only to comply with US sanctions.

12 May 2021

EU court: double jeopardy trumps Interpol red notices

The EU’s top court has ruled that a German citizen could not be extradited to the US to face bribery allegations on an Interpol red notice because of the double jeopardy principle.

12 May 2021

A Mexican agency’s dogged pursuit of life sciences companies over FCPA violations

Two US appeal courts have been asked to address the same question: To what extent does the UN Convention Against Corruption matter when deciding whether a foreign government agency is entitled to pursue damages caused by FCPA violations?

12 May 2021

FCPA Docket: Nokia secures damages from Ericsson

In today’s news round-up, Ericsson agrees to pay rival telecoms company Nokia $97 million over a foreign bribery scheme, and the DOJ finally moves to dismiss Och-Ziff’s DPA.

12 May 2021

France investigates Canadian asset management company for tax fraud

France’s financial prosecutor’s office is investigating Montreal-based Blue Bridge over allegations it allowed French customers to commit tax fraud.

11 May 2021

Defence lawyers sense increase in enforcement activity

Lawyers say they are beginning to see more activity in the cases they have before the US government.

11 May 2021

Former BP exec to appeal Singapore bribery conviction

A former director at the Singaporean branch of UK oil company BP plans to appeal against his corruption conviction and 54-month prison sentence fortaking US$4 million in bribes to advance the business interests of a bunker supplying company.

11 May 2021

LuxLeaks whistleblower loses at European Court of Human Rights

A former PwC employee who helped shed light on Luxembourg’s corporate tax arrangements has lost a European Court of Human Rights appeal against his sentence for professional secrecy breaches.

11 May 2021

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