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Editors

Harry Cassin
Publisher and Editor

Andy Spalding
Senior Editor

Jessica Tillipman
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

Bill Steinman
Contributing Editor

French court strips Obiang of local assets after embezzlement conviction

A French court last week convicted Teodoro Nguema Obiang Mangue, the vice president of Equatorial Guinea and son of the president, of embezzling public money and spending it on himself.

The judge confiscated all of Obiang’s assets in France, fined him €30 million ($35 million), and gave him a suspended three-year prison sentence.… Continue Reading

Airbus graft probe spreads to United States

Airbus Group SE, already under investigation in the UK and France for suspected corruption, said in a company release Tuesday that it found “inaccuracies in filings” made with the U.S. Department of State under the International Traffic in Arms Regulations.… Continue Reading

Practice Note: New French law expands jurisdiction over foreign graft

In December 2016, France enacted an anti-corruption law known as Sapin II. The law was named after Michel Sapin, the then Minister of Finance, who said when presenting the bill: “In the fight against corruption, France cannot just satisfy itself with the existing situation.”

The shortcomings of pre-Sapin II French law were plain to see.… Continue Reading

Teddy Obiang on trial in Paris for embezzlement

The son of Equatorial Guinea’s president went on trial this week in France for embezzling more than $112 million from his country’s treasury.

Teodoro Nguema Obiang Mangue, also known as Teddy Obiang, is the second vice president of Equatorial Guinea.… Continue Reading

Lise Smit: Why companies need to know their impact on human rights

Until a few years ago, corporate decision-makers often worried that knowledge about their company’s human rights impacts may increase risks of litigation, prosecution and investment withdrawal.

Recent developments are shifting the debate in the opposite direction, with corporate counsel now pushing for more proactive knowledge-gathering and transparency.… Continue Reading

French authorities join Airbus bribery probe

Airbus Group SE said Thursday that French investigators have opened a preliminary investigation into allegations of fraud, bribery, and corruption in the company’s civil aviation business.

France’s financial crimes investigator — the Parquet National Financier — is investigating the same allegations already being probed by the UK Serious Fraud Office.… Continue Reading

What’s the state of compliance in France?

While companies like to view Europe as a single market when it comes to compliance, the reality is that each country still has its own unique challenges and expectations. Ethisphere recently connected with dozens of French compliance leaders to discuss today’s best practices across France.… Continue Reading