For years there has been a public debate in Germany about corruption in the healthcare sector – not least because of the huge economical detriments. Experts estimate that corruption in the health care system causes damages of up to EUR 18 billion, which corresponds to ten percent of the entire healthcare expenditure. Of particular interest… Continue Reading
Category Archives: Commercial Bribery
Subscribe to Commercial Bribery RSS FeedMinistry of Justice confirms that Deferred Prosecution Agreements (“DPAs”) will be introduced in England and Wales
Posted in Commercial Bribery, Compliance Program, Corporate Finance/M&A, Courts, UK Bribery Act, United KingdomOn 23 October 2012, the Ministry of Justice (MoJ) published its response to the consultation paper on DPAs, and confirmed that it will legislate to introduce DPAs in England and Wales. The Government intends to include an amendment to the Crime and Courts Bill 2012-2013 to introduce DPAs in England and Wales, and it is… Continue Reading
Magyar Telekom, Deutsche Telekom Settle FCPA-Related Actions
Posted in Commercial Bribery, Foreign Corrupt Practices Act, Germany, TelecommunicationsMagyar Telekom Plc and its majority owner Deutsche Telekom AG have agreed to pay a total of approximately $95 million in penalties arising from alleged violations of the anti-bribery and books and records provisions of the Foreign Corrupt Practices Act (“FCPA”) stemming from conduct in Macedonia and Montenegro. Conduct Between 2005 and 2006, former executives… Continue Reading
Aon settles FCPA enforcement actions with DOJ, SEC
Posted in Commercial Bribery, Foreign Corrupt Practices ActAon Corp., an Illinois-based world leader in risk management, insurance, and reinsurance brokerage services, has entered into a Non-Prosecution Agreement (“NPA”) with the Department of Justice (“DOJ”) and has settled a civil action brought by the Securities and Exchange Commission (“SEC”) stemming from alleged violations of the anti-bribery, books and records, and internal controls provisions… Continue Reading
Drink to This: Diageo Settles FCPA Administrative Enforcement Action
Posted in Commercial Bribery, Foreign Corrupt Practices Act, India, South Korea, ThailandLondon-based Diageo, the maker of popular liquor brands such as Johnnie Walker scotch and Smirnoff vodka, has agreed to pay more than $16 million to settle an administrative action brought by the Securities and Exchange Commission (“SEC”) for violations of the books and records and internal control provisions of the FCPA. Conduct From 2003 to… Continue Reading
Anticorruption Enforcement in Brazil Takes a Step Forward, But It Needs to Take More
Posted in Brazil, Commercial BriberyBribery has been considered a criminal offense in Brazil since 1940. Since then, several other corruption-related practices also have been criminalized. Over the years, countless individuals in the public and private sectors have faced criminal charges for bribery and corruption, many of which individuals were sentenced to imprisonment. One perceived shortcoming in Brazil’s anti-corruption laws,… Continue Reading