In Due Diligence and World Cup Bids: Follow the Money

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For those watching the 2104 World Cup, this year’s tournament has certainly been spectacular, from the US reaching the round of 16, the incredible goals scored by Robbie Van Persie and Tim Cahill, to yesterday’s heartbreak for Mexico, who led until the 88th minute, only to be tied and then loose in stoppage time to the Netherlands, this year’s event has been one for the ages. Weiterlesen

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Common Sense in the Definition of ‘Instrumentality’ Under the FCPA

In what can only be called a judicial decision based on common sense the 11th Circuit Court of Appeals, in an opinion released on May 16, upheld the convictions of Joel Esquenazi and Carlos Rodriguez for violations of the Foreign Corrupt Practices Act (FCPA) and certain US anti-money laundering (AML) laws.

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SEC Sanctions Company for Whistleblower Retaliation

Spring 13

I drove my daughter to the airport today for her summer exchange program in Spain. On the way she asked me what I was going to blog about tomorrow and I told her whistleblowers. She was not familiar with that term so I explained it to her and her response was ‘Oh you mean a snitch’ which she then followed up with ‘Dad, nobody likes a tattletale.’ I digested these cheery thoughts for a few moments and I realized if that is what a 17 year old thinks about a person who tries to inform the appropriate parties of concerns, we still have quite a ways to go in this area.

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The Magna Carta and Scrutiny of Your Compliance Program

Yesterday, June 15was Father’s Day so for allus fathers out there, it was our day and I hope that you enjoyed and cherished it. It was also the anniversary of what I believe was one of the greatest achievements in Anglo jurisprudence, the signing of the Magna Carta, by King John and the Barons who opposed his tyranny. 

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ABA Survey of M&A Cases

NUH_GlobusUSAAnnual Survey of Judicial Developments Pertaining to Mergers and Acquisitions By the Annual Survey Working Group of the M&A Jurisprudence Subcommittee, Mergers and Acquisitions Committee, ABA Business Law Section

Hier alle Daten: M&A Survey 2013

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The HP FCPA Settlement

Spring 7Last week the Department of Justice (DOJ) and Securities and Exchange Commission (SEC) jointly announced the conclusion of a Foreign Corrupt Practices Act (FCPA) enforcement action against Hewlett-Packard Company (HP). In the settlement, HP agreed to pay $108MM in fines, penalties and disgorgements for criminal and civil acts. To say that it was one of the more perplexing FCPA settlements would seem to be an understatement. While some will read the settlement documents and see conduct which did not merit such a high total amount of fines and penalties, I am not from that camp. Weiterlesen

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Joint Venture Partners and the Company You Keep Under the FCPA

Spring 6As the father of a teenage daughter I am sometimes, reluctantly, forced to admit that upon rare occasions my parents were right about a few things. One was asking for permission first rather than asking for forgiveness after the fact, or in my case as a teenager the untoward event. Another was my mother’s admonition that you are judged by the company you keep. I thought about that truism when I read an article in the Financial Times (FT) yesterday, entitled “Steinmetz unit won Guinea mining riches corruptly, inquiry says”, by reporter Tom Burgis. Weiterlesen

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ABA Survey of M&A Cases — Final Survey for 2013

U.S. M&A Transaktionsrecht 2013, Zusammenfassung relevanter Fälle: Annual Survey of Judicial Developments Pertaining to Mergers and Acquisitions By the Annual Survey Working Group of the M&A Jurisprudence Subcommittee, Mergers and Acquisitions Committee, ABA Business Law Section: M&A Survey 2013

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Commission Releases 2013 Annual Report and Sourcebook of Federal Sentencing Statistics

Spring 5The 2013 Annual Report and Sourcebook of Federal Sentencing Statistics are now available on the Commission’s website. The Annual Report provides an overview of major Commission activities and accomplishments in the last fiscal year. The Sourcebook presents tables, figures, and charts on selected district, circuit, and national sentencing data for fiscal year 2013.

 

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U.S. Department of Justice und General Motors

NUH_USA-CollageMehr Infos hier, eine Klagewelle und Strafschadensersatz drohen: Handelsblatt: Plötzlicher Blackout bei Tempo 130. GM hat zehn Jahre gebraucht und Menschenleben riskiert, bevor defekte Zündschlösser zahlreicher Autos ausgetauscht wurden. Für die neue GM-Chefin Mary Barra ein Desaster. Jetzt wird sie vor den US-Kongress zitiertUSA Today: Feds open criminal probe of GM switch recall.

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