Region: Netherlands

SBM Offshore leniency negotiations involving Brazilian prosecutors

Dutch oil services company SBM Offshore’s leniency discussions for alleged bribery violations in Brazil now includes the public prosecutor in Rio de Janeiro and state-controlled energy business Petrobras, in addition to the country's administrative anti-corruption enforcer, the Office of the Comptroller General.

11 November 2015

CEO suspended amid Uzbek bribery probe

Vimpelcom’s former chief executive Jo Lunder, who was arrested in Norway on 4 November for allegedly taking part in a scheme to bribe Gulnara Karimova, the Uzbekistan president's daughter, has been suspended from his new role as chief executive of the Fredriksen Group, an investment shipping and oil company, according to reports.

10 November 2015

Former Vimpelcom CEO arrested in Norway

The Norwegian authorities have reportedly arrested Jo Lunder, the former CEO of Netherlands-based telecoms company Vimpelcom, in connection with an investigation by US and European authorities into allegations that the company paid bribes in Uzbekistan.

05 November 2015

Dubai fines ABN Amro for lax AML controls

The Dubai Financial Services Authority has fined Dutch Bank ABN Amro US$682,000 for having inadequate anti-money laundering and risk management controls.

04 November 2015

Vimpelcom sets aside US$900 million amid Uzbek bribery probe

Netherlands-based telecoms company Vimpelcom, which is also Russia’s third-largest wireless carrier, has set aside US$900 million as it waits for the outcome of the US Department of Justice, US Securities and Exchange Commission and Dutch prosecutor probes into alleged bribes paid by the company in Uzbekistan, according to reports.

03 November 2015

Brazilian authorities recover R$1.64 billion in Petrobras settlements

The Brazilian authorities have recovered 2.4 billion reais from money lost as a consequence of the bribery scandal linked to state-controlled oil company Petrobras, according to O Globo.

02 November 2015

Brazil tells SBM Offshore to pay US$250 million

Dutch oil platform services company SBM Offshore must agree to a US$250 million leniency deal with Brazilian authorities before it can begin to do business with the country's state-controlled energy business Petrobras again, according to Reuters.

22 October 2015

PostNL concludes internal investigation following fraud allegations

An internal investigation of potential fraud in real estate transactions has found no evidence of wrongdoing, Dutch post and parcel service company PostNL announced on 15 October. The internal investigation, commenced following reports in Dutch daily Het Financieele Dagblad, was handled by De Brauw Blackstone Westbroek.

16 October 2015

EU court says US/EU data transfer agreement is invalid

The European Court of Justice (ECJ) has said that a European Commission and US data transfer agreement known as Safe Harbour is invalid.

06 October 2015

Brazilian law firm Mattos Filho advises SBM Offshore on Petrobras investigation

Giovani Loss and Renato Portella at Mattos Filho Veiga Filho Marrey e Quiroga in São Paulo are advising Dutch oil-platform services company SBM Offshore on compliance issues related to Brazil's Petrobras bribery investigation.

09 September 2015

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