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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
Senior Editor

Bill Steinman
Senior Editor

Richard L. Cassin
Editor at Large

Elizabeth K. Spahn
Editor Emeritus

Cody Worthington
Contributing Editor

Julie DiMauro
Contributing Editor

Thomas Fox
Contributing Editor

Marc Alain Bohn
Contributing Editor

Bill Waite
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Search Results for: label/Akzo Nobel

Akzo Nobel Pays $2.9 Million For FCPA Violations Under the U.N. Oil for Food Program

Akzo Nobel N.V., a Netherlands-based pharmaceutical company, settled U.S. Foreign Corrupt Practices Act books and records charges with the U.S. Department of Justice and the Securities and Exchange Commission. With the SEC, Akzo Nobel consented to the entry of a final judgment permanently enjoining it from future violations of Sections 13(b)(2)(A) and 13(b)(2)(B) of […]

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Europe Guts The In-House Privilege

[…] communications between management and in-house attorneys aren’t protected from disclosure or discovery in investigations by the European Commission. The appeal to the ECJ was brought by Akzo Nobel Chemicals and a subsidiary. The European Commission was investigating them in 2003 for possible anti-competitive behavior. It found two e-mails between the managing director and Akzo […]

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Iraq’s Lawsuit Legacy

[…] have already faced enforcement actions for violating the U.N. regulations or U.S. law, including the Foreign Corrupt Practices Act. Among them are ABB, AB Volvo, Flowserve, Akzo Nobel, Chevron, Siemens, Ingersoll-Rand, York International, Oscar Wyatt, El Paso and Textron. There’s no private right of action under the Foreign Corrupt Practices Act. So Iraq’s claims […]

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Unlikely headline: Belarus journalist wins Nobel Prize for literature

[…] to my homeland. That’s a tendency that I typically share with the Belarusian government. So perhaps the bigger piece of news than a Belarusian person winning the Nobel Prize in Literature is whether the Belarusian government would congratulate her or not. On October 8, the Nobel Committee for Literature at the Swedish Academy bestowed […]

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Feeling The Heat Overseas

[…] does it seem like the DOJ is picking on foreign companies? Partly because their headline-making names are so familiar. ABB Ltd (Switzerland) Vetco Gray UK Ltd, Akzo Nobel, NV (the Netherlands) and Statoil ASA (Norway) were all subject to still-fresh DOJ enforcement actions. And foreign companies under ongoing FCPA investigations include similarly big names: […]

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Shock And Awe In U.S. Federal Court

[…] action for violating U.N. regulations or U.S. law, including the Foreign Corrupt Practices Act. Among those discussed in our prior posts are ABB, AB Volvo, Flowserve, Akzo Nobel, Chevron, Siemens, Ingersoll-Rand, York International, Oscar Wyatt, El Paso (successor to Coastal Corp.) and Textron. Others named in the complaint include Air Liquide, Atlas Copco, Boston […]

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Foreign Affairs

[…] and enforcement actions involving foreign companies has accelerated. In addition to Siemens, overseas names in the FCPA news include ABB Ltd (Switzerland), Vetco Gray UK Ltd, Akzo Nobel, NV (the Netherlands), Statoil ASA (Norway), AstraZeneca (UK-Sweden), BAE Systems (UK), DaimlerChrysler (Germany), Innospec (UK), Magyar Telekom (Hungary), Norsk Hydro (Norway), Novo Nordisk (Denmark), Panalpina (Switzerland), […]

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Grease For Oil

[…] AB Volvo, No. 08-cv-00473 (D.D.C. 2008) (here) U.S. Sec. & Exch. Comm’n v. Flowserve Corp., No. 08-cv-00294 (D.D.C. 2008) (here) U.S. Sec. & Exch. Comm’n v. Akzo Nobel, N.V., No. 07-cv-02293 (D.D.C. 2007) (here) U.S. Sec. & Exch. Comm’n v. Chevron Corp., No. 07-cv-10299 (S.D.N.Y 2007) (here) U.S. v. Ingersoll-Rand Italiana S.p.A., No. 07-cr-00294 […]

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GE In $23 Million SEC Settlement

[…] to inflate prices to fund the kickbacks. In addition to GE, other companies charged under the oil-for-food program include Chevron, Total SA, AB Volvo, Innospec, Ingersoll-Rand, Akzo- Nobel, and Fiat. The DOJ did not join the enforcement action against GE or the subsidiaries. It usually prosecutes criminal antibribery offenses under the FCPA, which require […]

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No Good Deed Goes Unpunished

[…] expect a fine of $4.53 for every dollar given as a bribe. Involuntary Disclosures The involuntary disclosure group also had surprisingly high ratios (Flowserve Corp. and Akzo- Nobel NV had fine-to-bribe ratios of 17.37 and 13.42, respectively) and low ratios (the Chevron Corp. and El Paso Corp.’s fine-to-bribe ratios were 1.5 and 1.41, respectively). […]

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