LexisNexis® Legal Newsroom
Bribery in Britain

Doug Cornelius, Real Estate Chief Compliance Officer The British government is working on a new Bribery Bill "to reform the criminal law of bribery to provide for a new consolidated scheme of bribery offenses to cover bribery both in the United Kingdom (UK) and abroad." The Bribery...

FCPA Training: How to “Resist” a Solicitation for a Bribe

At most Foreign Corrupt Practices Act (FCPA) compliance and ethics training sessions there is usually one or more archetypal story about "someone I know" who was solicited to pay a bribe or "I heard about someone" from whom a bribe was solicited. Sometimes this solicitation story...

Fraud Investigation and the UK Bribery Act

We were recently introduced to Fraud Examiner Expert Tracy Coenen , in her book " Expert Fraud Investigation: A Step-By-Step Guide " she details the steps a company should go through in performing a fraud investigation. Coenen provides the 'nuts and bolts' on how conducting an investigation...

Private Equity Portfolio Companies and Bribery Charges

The U.S. is investigating Allianz SE, for possible bribery by a German printing press company in which it holds a majority stake according to a story by Joe Palazzolo in WSJ.com's Corruption Currents . The Foreign Corrupt Practices Act bars US companies from paying bribes to foreign officials...

OECD: Global Corruption Enforcement Is On the Rise

The new Report of the OECD Working Group on Bribery details its recent work while providing an overview of anti-bribery enforcement around the globe. The Anti-Bribery Convention came into force in 1999. As of December 2011 there were 38 parties to the Convention, 34 of whom are OECD member along with...

HP, Three Subsidiaries Pay $108 Million to Settle FCPA Charges

The Russian, Polish and Mexican subsidiaries of Hewlett-Packard Company resolved criminal FCPA charges with the Department of Justice while the parent corporation settled with the SEC. ZAO Hewlett-Packard A.O., or HP Russia, agreed to plead guilty to a criminal information alleging conspiracy and violations...

SEC Settles FCPA Action on the Eve of Trial

The SEC was about to try its first FCPA case. Then the Commission settled, agreeing to drop the bribery charges as well as its demand for monetary sanctions. That ended the case against two Nobel Corporation executives SEC v. Jackson, Civil Action No. 4:12-cv-00563 (S.D. Tx. Filed Feb. 24, 2012) . ...

Corruption Allegations Lead to Securities Lawsuits

I was on a panel at a law firm event last week during which I was asked to make some predictions for 2015. Among other things, I said that I thought we would see an increase of securities class action lawsuit filings following in the wake of regulatory investigations, especially bribery investigations...