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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

Shruti J. Shah
Contributing Editor

Russell A. Stamets
Contributing Editor

Richard Bistrong
Contributing Editor

Eric Carlson
Contributing Editor

Search Results for: label/Panalpina

Panalpina Quits Nigeria

Compliance concerns have forced Swiss logistics giant Panalpina to withdraw completely from the Nigerian domestic market. It said in its 2008 half-yearly report (available here) that it will sell its local operations to a Nigerian group and retain no ownership or operating interest. The exit from Nigeria follows Panalpina’s announcement in September 2007 that […]

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Shell Discloses FCPA Investigation Related To Panalpina

[…] the year ended December 31, 2007, Royal Dutch Shell plc includes a Foreign Corrupt Practices Act disclosure. It relates to the Department of Justice’s ongoing investigation of Panalpina. Shell says, “In July 2007, Shell’s US subsidiary, Shell Oil, was contacted by the US Department of Justice regarding Shell’s use of the freight forwarding firm […]

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Panalpina Expects Settlement Soon

Swiss logistics giant Panalpina said yesterday it has reserved about $110 million for an expected FCPA settlement with the Justice Department and Securities and Exchange Commission and a seperate antitrust resolution. It said the settlements should happen “in the near future.” The corruption investigation dates back to at least early February 2007. The DOJ […]

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Panalpina Suspends Services For Oil and Gas-Related Customers in Nigeria

[…] oil and gas services customers, at least a dozen of which have been contacted by the DOJ about Panalpina’s customs clearance practices in Nigeria and other countries. Panalpina confirmed that its U.S. subsidiary has been instructed to “produce documents and other information related to its business, its services to certain customers and its services […]

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Panalpina Hit With FCPA-Related Shareholder Suit

An investment fund that owns about 5% of Panalpina World Transport (Holding) Ltd. filed a federal civil suit last month in Texas against the company, some current and former officers and directors, and its owner before its 2005 IPO in Switzerland. The complaint seeks to recover damages caused by the logistics company’s withdrawal from […]

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The Last Panalpina Case?

Houston-based Schlumberger still faces a DOJ investigation for bribes paid to customs officials by global logistics firm Panalpina.

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Panalpina’s Practices Fall Under the FCPA Spotlight

[…] the same third-party agent for its temporary importations in Nigeria that was thought to be significantly implicated in the 2007 Vetco Gray proceedings.” July 24, 2007 — Panalpina says some customers of its U.S. subsidiary have “been requested by U.S. authorities to produce documents related to the provision of its services to Nigeria for […]

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Enforcement Sans Frontières

[…] seems clear: if other countries won’t police their corporate citizens, American authorities will do it for them — at least when it comes to international public corruption. Panalpina (Switzerland) — In February 2007, the Department of Justice said in connection with the Vetco case that bribes in Nigeria “were paid through a major international […]

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