Bribery & Corruption

UK Imposes Sanctions For Corruption

May 10, 2021

What’s this all about? For the first time the UK government has imposed sanctions on individuals connected with corruption outside the UK. This article takes a brief look at this issue. What are the rules? The UK now has a new legal regime at its disposal to prevent and combat serious corruption called “The Global Read more »

Client Alert: Airbus subsidiary GPT ordered to pay over £30m over Saudi bribery

April 30, 2021

Introduction On Wednesday the UK’s Serious Fraud Office (SFO) confirmed that an Airbus subsidiary, GPT, had pleaded guilty to corruption between December 2008 and July 2010 in relation to contracts awarded to GPT for work carried out for the Saudi Arabian National Guard. The court ordered GPT to pay a confiscation order of £20.6m, a Read more »

Client Alert: SFO loses another case as Serco executives acquitted

April 29, 2021

Introduction Last month we wrote about pressure on the UK’s Serious Fraud Office (SFO) as a result of allegations made against the SFO about its conduct in the Unaoil investigation and following the successful employment case against it brought by former SFO investigator Tom Martin. You can read more about those developments here https://www.corderycompliance.com/sbm-exec-convicted-in-sfo-case/. The Read more »

Client Alert: Data Breaches and Transparency

April 28, 2021

Introduction A recent survey by Comparitech has highlighted the long-term effects of a data breach. In addition to the harm caused by a breach to a company’s reputation, staff retention and sales, data breaches can have a lasting effect on the share price of companies too. The survey looked at the share price of 34 Read more »

Client Alert: Brexit and Bribery and Corruption

March 16, 2021

We first produced this note in 2016 but we have updated it with more recent developments including recent statements from the UK Serious Fraud Office. Introduction Now that Brexit has happened we’re updating our earlier guidance on the effects of Brexit on UK bribery law. Will the law change? The heart of the UK’s anti-bribery Read more »

Compliance Podcast Network: Introducing the Cordery Head to Head @ Home series

March 10, 2021

Introducing Cordery’s new Head to Head @ Home podcast, just launched on the Compliance Podcast network. We’re exploring the most critical issues facing compliance professionals, and host Jonathan Armstrong is talking to the leading experts who are shaping the industry. Don’t miss an episode! You can listen to these podcasts here: http://compliancepodcastnetwork.net/category/head-to-head-home/

Client Alert: Ex-SBM Offshore Executive convicted in UK SFO Bribery Case

March 2, 2021

Introduction Yesterday a former SBM Offshore executive was found guilty of bribing an Iraqi government official to secure lucrative oil contracts, in a trial led by the UK’s Serious Fraud Office (SFO). This is the latest conviction in the SFO’s investigation into Unaoil and we wrote about that case here https://www.corderycompliance.com/sfo-secures-oil-execs-conviction/. It was something of Read more »