Work Area: Corporate governance

Short-seller: Deloitte “failed to act” on Tingo Group fraud claims

11 January 2024

US-listed Chinese delivery company investigates “suspicious practices”

Chinese on-demand retail and delivery company Dada Nexus is hiring external lawyers to investigate “suspicious practices” that may have caused the business to overstate its turnover in 2023.

10 January 2024

Ericsson looks to bulk up compliance department

Featured in In-house

Ericsson’s head of compliance for global affairs will be expected to “stimulate, enhance and evolve” the company’s ethics and compliance programme as the leader of a newly-formed unit.

10 January 2024

Directors’ Duties: The UK Perspective

Featured in The Practitioner’s Guide to Global Investigations - Edition 8

How companies manage themselves and identify and mitigate risks is central in financial crime investigations. Recent developments, including the introduction of new corporate offences and the reframing of the common law identification principle, make this even more important. Directors must ensure that they understand their duties and obligations and their application to their compliance oversight obligations.

10 January 2024

Directors’ Duties: The US Perspective

Featured in The Practitioner’s Guide to Global Investigations - Edition 8

As companies face new and unforeseen challenges to their business – including those resulting from a global pandemic, supply chain issues, and unpredictable economic and market forces – directors must continue to proactively address these challenges when navigating their fiduciary duties. Not doing so would risk mounting litigation and regulatory exposure.

10 January 2024

Clyde & Co admits to money laundering breaches

Clyde & Co has agreed to pay at least £100,000 for the breaches and a barrister for the firm asked the tribunal to consider that the misconduct was inadvertent, unplanned and self-reported to the SRA.

09 January 2024

Chinese president stresses commitment to fight corruption, punish the “ants and flies”

09 January 2024

People News: Former CPS head receives knighthood

In the latest roundup of people news, a veteran Skadden partner in London has announced her retirement and the former top prosecutor for England and Wales was named on the New Year honours list.

04 January 2024

DOJ charges Tingo Group founder over alleged fraudulent revenues

US federal prosecutors have accused Nigerian businessman Dozy Mmobuosi for allegedly misleading investors about the value of companies in his Tingo Group.

03 January 2024

India’s top court refuses to intervene in Adani investigation

03 January 2024

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