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Two RCMP cases against SNC-Lavalin execs collapse over “unreasonable” time delays

Two RCMP cases against SNC-Lavalin execs collapse over “unreasonable” time delays

February 21, 2019, GIR

A Quebec court has dismissed a bribery case against a former SNC-Lavalin vice-president which was was set to begin almost five years after he was first charged.

Dechert hires former Hong Kong SFC legal counsel

Dechert hires former Hong Kong SFC legal counsel

February 21, 2019, GIR

Maria Sit has joined Dechert’s Hong Kong office to help build the firm’s dispute resolution capabilities in Asia.

Tesco accounting trial collapse highlights urgent need for DPA regime reform

Tesco accounting trial collapse highlights urgent need for DPA regime reform

February 21, 2019, GIR

In January, the last of the criminal trials into the 2014 Tesco accounting scandal collapsed. In yet another blow for the SFO, the case has exposed the unjustifiable, irreversible effects of DPAs, placing the prosecutor’s use of the settlement regime under the spotlight. Maria Cronin and Craig Hogg at Peters & Peters in London explore why Carl Rogberg’s acquittal may in fact be the start, rather than the end of the matter for the company.

TechnipFMC braces for “global resolution”

TechnipFMC braces for “global resolution”

February 20, 2019, Just Anti-Corruption

TechnipFMC says it could pay $280 million to settle bribery investigations by authorities in Brazil, France and the US.

Herbalife suggests FCPA settlement is likely

Herbalife suggests FCPA settlement is likely

February 20, 2019, Just Anti-Corruption

Following the recent resignation of its CEO, Herbalife hints at a potential settlement with US authorities to resolve a probe into its operations in China.

UBS to appeal against record €4.5 billion French tax evasion penalty

UBS to appeal against record €4.5 billion French tax evasion penalty

February 20, 2019, GIR

The Criminal Court of Paris has ordered UBS to pay €3.7 billion after finding the Swiss bank and its French subsidiary guilty of facilitating tax evasion.

Odebrecht assists World Bank with follow-on investigation

Odebrecht assists World Bank with follow-on investigation

February 20, 2019, GIR

After receiving a three-year ban from bidding on World Bank projects, Brazilian construction company Odebrecht continues to cooperate with investigators on a “larger” probe.

Barclays chairman in the dark over allegedly fraudulent Qatari deal

Barclays chairman in the dark over allegedly fraudulent Qatari deal

February 20, 2019, GIR

Barclays’ former chairman only became aware of fees paid to Qatari financiers in an October 2008 agreement that helped the bank avoid a government bailout four years after it was signed, a London court has heard.

NGOs welcome impact of Global Magnitsky Act

NGOs welcome impact of Global Magnitsky Act

February 19, 2019, Just Anti-Corruption

GIR Just Anti-Corruption investigates how the Global Magnitsky Act, which empowers the US government to sanction corrupt foreign officials, has been been enforced since it was implemented in late 2017.

Estonia’s financial authority shuts Danske Bank’s Tallinn branch

Estonia’s financial authority shuts Danske Bank’s Tallinn branch

February 19, 2019, GIR

Danske Bank has agreed to cease operating in the country, and has since announced it is closing down all its banking operations in Latvia, Lithuania and Russia as well.