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Thomas Fox Contributing Editor

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Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

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Richard Bistrong Contributing Editor 

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Entries in Panalpina (65)

Thursday
Aug182016

Alison Taylor: Intermediaries are ‘force multipliers’ for prosecutors

A Gabonese national who was allegedly paid $3.5 million for facilitation services in Africa by hedge fund Och-Ziff was arrested this week as part of an FCPA investigation.

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Thursday
Apr072016

Billy Jacobson on the New FCPA Guidance: DOJ swings and misses

On April 5 the DOJ's Fraud Section of the Criminal Division released a policy document called The Fraud Sections’ Foreign Corrupt Practices Act Enforcement Plan and Guidance. The new Guidance is an attempt to bring greater transparency to the benefits corporations will achieve by voluntarily disclosing FCPA problems and fully cooperating with investigations of these problems. 

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Wednesday
Jan062016

Ensco: Petrobras cancels rig charter for alleged graft

In a filing with the Securities and Exchange Commission Tuesday, UK-based Ensco plc said its customer Petrobras has cancelled the contract for a drillship because of alleged payments to Petrobras employees.

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Monday
May182015

Texas high court: Shell FCPA report to DOJ is ‘absolutely privileged’ 

The Texas Supreme Court issued a long-anticipated opinion Friday in Shell Oil Co. v. Writt, holding that an internal investigation report Shell provided to the U.S. Department of Justice about potential FCPA violations is “absolutely privileged” in a defamation proceeding and cannot be used to form the basis of a defamation claim.

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Tuesday
Feb102015

Compliance Alert: Five risks for Fashion Week 2015

Image courtesy of Mercedes-Benz Fashion WeekFashion Week 2015 begins on February 12 in New York. Compliance will certainly not be on the agenda and the fashion industry has never attracted the kind of regulatory attention “enjoyed” by industries that rely heavily on public sector sales. But that doesn't mean that the industry is free of corruption risks and immune from potential FCPA enforcement actions.

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Wednesday
Dec172014

Parker Drilling unit settles Scotland enforcement action for Kazakhstan bribes

An oil and gas services firm based in Scotland was fined £170,000 ($267,000) after admitting that a former Kazakhstan-based employee paid bribes to win work.

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Tuesday
Jun172014

From Europe, the business case for compliance

Managing corruption has added benefits for a company. In 2010, when faced with hundreds of incidents of bribing government officials across multiple nations, Panalpina, the Swiss leader in logistics, admitted a culture of corruption had emanated from its senior level management who “tolerated bribery as business as usual.”

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Thursday
Jul252013

UK police investigating Shell, ENI Nigeria deal

Allegations that more than a billion dollars paid to the Nigerian government ended up with a company controlled by a former Nigerian oil minister have triggered a money-laundering investigation in the UK, according to a report Wednesday from Reuters.

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Wednesday
May292013

France's Total SA Cracks Our Top 10 List

With its $398 million enforcement action Wednesday, Total S.A. has landed fourth on our list of the Top 10 FCPA cases of all time.

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Tuesday
Apr302013

Disgorgement, an overlooked aspect of the Ralph Lauren settlement?

As part of its recent settlement with the SEC, Ralph Lauren Corporation agreed to disgorge $593,000 that was "obtained or retained as a result of the violations discovered during the investigation," along with $141,846 in pre-judgment interest. 

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Tuesday
Apr162013

Parker Drilling in $15.85 million settlement

Houston-based Parker Drilling Company resolved Foreign Corrupt Practices Act charges Tuesday for bribes paid to Nigerian officials through an agent to circumvent customs and tax laws.

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Thursday
Feb212013

Nabors wins declination

Oil services firm Nabors Industries Ltd. said Wednesday the DOJ won't bring an FCPA enforcement action after an investigation first launched more than five years ago.

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