Tag Archives: Bribery Act

U.S. parent company experiences effect of U.K.-style deferred prosecution agreement for bribery

The U.K. subsidiary of a U.S.-registered corporation has recently entered into only the second ever U.K. court sanctioned deferred prosecution agreement (DPA). DPAs have long been a feature of the U.S. criminal corporate justice system. They recently hit the headlines … Continue reading →

Look out for the “Crackdown on White-collar Crime”

I was speaking at the same Cambridge Crime Symposium as made the front page of this Monday’s Times newspaper. Sadly, it wasn’t my talk on D&O and commercial crime insurance that attracted as much attention as the speech by attorney … Continue reading →

U.K. Bribery Act: SFO Flexes its Extraterritorial Muscles to Good Effect

For a little while the Serious Fraud Office (SFO) has been hinting that it has a number of Bribery Act cases in the pipeline, and now we have our first conviction in the U.K. of a company under Section 7 … Continue reading →

The Perils for Senior Management of Being “Involved” with Bribery and Corruption

see no evil

Bribery and corruption is alive and well. That’s the depressing but perhaps unsurprising finding of a new report by the Organisation for Economic Co-operation and Development (OECD) analysing more than 400 cases worldwide involving companies or individuals over a 15 … Continue reading →

The SFO Secures its First Bribery Act Convictions: Watershed or Damp Squib?

behind bars

It’s been a long time coming but the SFO have at last succeeded in securing its first convictions under the Bribery Act which came into force over three years ago. Given that the Act, by common consent, contains some of … Continue reading →

The Aftermath of Bribery and Corruption Can be Painful for Directors Too

aftermath of bribery

We hear a lot about the Bribery Act and the threat it poses to UK based companies and their directors. (It is indeed a subject I have blogged about too).  But what happens after the criminal process is finally at … Continue reading →

U.K. Court Reaches Directors Overseas

Long British Arm

We still hear a lot about long-arm jurisdiction being exercised by the United States—and rightly so. Rumours of its demise in the wake of the Supreme Court judgment in Morrison v National Bank of Australia have been way overdone. The … Continue reading →

Could Crime and D&O Cover One Day be Combined?

So, what’s the big idea?  After all, crime insurance, as we know, is primarily a first party cover i.e. it offers protection for financial losses suffered by a company as a result of (among other things) the fraud of its … Continue reading →

The Bribery Act Gets Off to a Slow Start

UK Bribery Act

With the Bribery Act’s main prosecuting authority distracted, it is perhaps not surprising that the only successful prosecution involving the Bribery Act so far in the UK has been brought by the Crown Prosecution Service. Continue reading →

The Three Biggest EU Challenges for General Counsel

Courtesy of Ann Longmore, I spotted a recent report of the 2012 European General Counsel forum held in London last month and hosted by Consero Group.  The three most pressing issues for European in-house lawyers identified by that forum were … Continue reading →