The last few years have seen a decided trend toward nationalist and populist legislation and policies. Cross-border insolvency jurisprudence has not escaped this trend. Recent cases rejecting extraterritorial application of bankruptcy laws and limiting the remedies available to foreign liquidators seem to reflect an extension of this trend to insolvency jurisprudence, though this debate is not a new one.… Continue Reading
The formation and use of Scottish offshore limited partnerships and companies has attracted significant criticism.
Much of this criticism was justified. Scottish business vehicles were clearly being exploited by the unscrupulous to further tax evasion and money laundering efforts.… Continue Reading
In the wake of the Panama Papers revelations, the U.S. has (belatedly) announced that it will . The rules, which include requiring financial institutions to find out and keep records on the real owners behind the companies that use their services, aim to help U.S.… Continue Reading
Scotland’s prosecution service will recover £2.2 million ($3.1 million) under a civil settlement with a Glasgow-based company that admitted paying bribes to win and keep business.
Braid Group (Holdings) Limited specializes in freight and logistics.… Continue Reading
Last month, the Scottish Court of Session Outer House delivered a decision that illustrates the pitfalls that await executive shareholders implicated in commercial bribery.
The case concerned whether or not the affairs of a transport and liquid freighting company were being carried on in an unfairly prejudicial manner to the interests of the former chief executive and associated shareholders. … Continue Reading
Two former employees of the Edinburgh City Council and two directors of a construction company received significant jail sentences for bribery contrary to The Public Bodies Corrupt Practices Act 1889 (the legislation that pre-dates the Bribery Act 2010).… Continue Reading
An oil and gas services firm based in Scotland was fined £170,000 ($267,000) after admitting that a former Kazakhstan-based employee paid bribes to win work.
Former international rugby star and current FCPA Blog contributing editor Philip Fitzgerald took the oath on January 8 to become a practicing lawyer in France.
His journey to avocat began in 1997 when he was an undergraduate at the University of Edinburgh (Scotland), working toward a 4-year joint honors degree in law and French.… Continue Reading
The announcement could not be more timely. Yesterday, we learned that the government of Scotland has reached an agreement with the Aberdeen-based Abbot Group, setting aside £2 million of a £5.6 million bribery settlement to build rugby and soccer fields in impoverished communities.… Continue Reading
An oil and gas driller based in Scotland has agreed to pay £5.6 million in a civil settlement after it self reported overseas bribes to win business.
Abbot Group, headquartered in Aberdeen, paid the bribes in 2007, before the U.K.… Continue Reading