The world has now lived with the FCPA for more than 40 years and with hyper-enforcement for more than a decade.… Continue Reading
On August 24, the United States Court of Appeals for the Second Circuit ruled that a non-resident foreign national cannot be held criminally liable for aiding or abetting or conspiring to violate the Foreign Corrupt Practices Act, unless the government can show that he acted as an agent of a “domestic concern” or while physically present in the United States.… Continue Reading
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.… Continue Reading
Snamprogetti Netherlands B.V. agreed to pay the Africa Development Bank $5.7 million in penalties for bribery related to contracts for liquefied natural gas production plants on Bonny Island, Nigeria.
Kellogg Brown & Root LLC, Technip S.A., and JGC Corp. agreed to pay $17 million in penalties in a settlement with the African Development Bank (ADB) for corrupt practices by affiliated companies in connection with contracts for liquefied natural gas production plants on Bonny Island, Nigeria from 1995 until 2004.… Continue Reading
As part of its $354 million settlement this week, Alcoa agreed to pay the third biggest disgorgement in FCPA history — $161 million.… Continue Reading
Italian oil and gas services company Saipem is beefing up compliance by creating a new senior management position, the board of directors said last week.… Continue Reading