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
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.
The Milan Public Prosecutor’s Office has charged Royal Dutch Shell and four former executives for an alleged plot to pay massive bribes to win oil exploration rights in Nigeria.
In its Annual Report and Form 20-F for 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 companies have been called the “getaway cars” of corruption. In some jurisdictions, including the United States, individuals can easily set up anonymous companies and use them to hide stolen funds.
A book by Michael Findley and Daniel Nielson, Global Shell Games: Experiments in Transnational Relations, Crime and Terrorism, shows how shell companies are used to commit bribery, circumvent sanctions, launder money and evade taxes. And are available online for a few hundred bucks.
The Wall Street Journal has reported that Panalpina and its customer Shell may be close to settling FCPA-related charges with the DOJ and SEC.
After several delays, the first trial of Najib Razak, the former Prime Minister of Malaysia, began on April 3rd. He is accused of plundering the Malaysian Sovereign Wealth fund, 1Malaysia Development Berhad (1MDB), which he set up to drive the development efforts in Malaysia. This represents a stunning reversal in fortune for Najib Razak who after ruling for nearly a decade was handily defeated in the elections last year amid allegations of massive corruption.
In March 2019, Transparency International Canada released a comprehensive report examining the ways in which Canada’s “lack of beneficial ownership transparency” contributes to money laundering (or “snow-washing”, as it’s known up North) within the Toronto real estate market.
What will be the final result of the Royal Dutch Shell/ENI imbroglio around a license to explore oil and gas in block OPL 246, offshore Nigeria?
The fraud allegations aimed at Japan-based Mt. Gox, formerly the world’s biggest bitcoin exchange, have exposed the possible use of a shell company in Delaware in a way that law enforcement authorities have been concerned about for years.
