News and commentary about white-collar crime, enforcement, and compliance
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
The English Court of Appeal’s decision in SFO v. ENRC has reset the boundaries of litigation privilege in investigations under English law.
Here’s a summary of the decision and some key practical takeaways. … Continue Reading
The UK Court of Appeal on Wednesday overturned a lower court’s ruling and restored the attorney-client privilege to protect internal investigations from discovery by the Serious Fraud Office.
In a case involving London-listed Eurasian Natural Resources Corporation (ENRC), the appellate court said those who retain counsel “to investigate the circumstances of an alleged offense” shouldn’t be “denied the benefit of litigation privilege.”… Continue Reading
In a landmark ruling, the High Court in London has said that interview notes — made by a company’s external law firm as part of internal investigations into allegations of corruption in Kazakhstan and Africa — are not protected by legal professional privilege.… Continue Reading
The UK Serious Fraud Office filed its annual report for the year ended March 31, 2015 with the government Tuesday.
Here’s director David Green’s foreword:
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I present the Annual Report for the Serious Fraud Office for the reporting year 2014-15.… Continue Reading
Anti-bribery investigations and enforcement actions involving international mining projects are breaking out all over.
In April, the U.S. DOJ charged six foreign nationals, including a Ukrainian businessman and a government official in India, with an alleged racketeering conspiracy to bribe officials in India to gain titanium mining rights.… Continue Reading
Prosecutors in Romania launched a criminal investigation into foreign-controlled Rosia Montana Gold Corporation (RMGC), the company operating the largest open-pit gold mine in Europe. The investigation is focusing on money laundering and tax evasion, according to a report by the Organized Crime and Corruption Reporting Project here.… Continue Reading
Listing shares internationally often carries unwelcome regulatory and compliance risks. This was recently highlighted by the SFO’s corruption probe into the London-listed Kazakh miner ENRC, shortly to be delisted, as well as probes into Indonesia miner and London-listed Bumi plc, and most recently by the SEC’s investigation of South Africa’s Gold Fields, which has a secondary New York listing.… Continue Reading
The U.K. Serious Fraud Office said Thursday it has launched a criminal investigation of London-listed mining company ENRC plc.
‘The focus of the investigation will be allegations of fraud, bribery and corruption relating to the activities of the company or its subsidiaries in Kazakhstan and Africa,’ the SFO said in a statement.… Continue Reading