Tag Archives: UK

Oxford University’s publishing arm to pay nearly £1.9 million for corrupt East African operations

By Philip Bonner on July 26th, 2012 Posted in Africa, United Kingdom

David Green QC, the newly-installed director of the Serious Fraud Office (“SFO”), has taken action in the High Court against Oxford Publishing Limited (“OPL”), which ordered it to pay £1,895,435, in relation to the unlawful conduct of OPL’s subsidiaries in Tanzania and Kenya. OPL is owned by Oxford University Press (“OUP”), which is the publishing… Continue Reading

London Insurance Broker Settles FSA Action

By Manmohan Singh Panesar on July 25th, 2011 Posted in Corporate Finance/M&A, UK Bribery Act

Last week, one of London’s oldest insurance brokers, Willis Limited (“Willis”), was fined by the UK Financial Services Authority (“FSA”) for failing to counter the risks of bribery and corruption. The £7 million penalty was handed down to Willis in the FSA’s Final Notice (PDF/80.3KB/24 pages) on 21 July 2011. Conduct From 2005 to 2009,… Continue Reading

ANTI-BRIBERY AND CORRUPTION: A SPECIAL REPORT

By Manmohan Singh Panesar on June 30th, 2011 Posted in Uncategorized

Thomson Reuters Accelus has recently published a special report (PDF/1.43MB/28 pages) on anti-bribery and corruption and the increased burden on senior management. It is particularly pertinent in light of the Bribery Act 2010 (“Act”) coming into force tomorrow. Among other things, it contains some useful discussion on: sector specific issues and guidance; whether foreign issuers with a London… Continue Reading

Bribery Act 2010: The clock has started ticking

By Manmohan Singh Panesar on March 31st, 2011 Posted in UK Bribery Act

For further details about the guidance recently published by the Ministry of Justice on the Bribery Act 2010, please read our Review (PDF/369KB). Among other things, the Review contains useful information on: corporate hospitality; facilitation payments; commercial organisations; and associated persons.

Bribery Act 2010: Section 7 Guidance

By Manmohan Singh Panesar on March 30th, 2011 Posted in UK Bribery Act

The wait is over. The Ministry of Justice (MOJ) has today published the long awaited guidance for commercial organisations on procedures that they can put into place to prevent bribery. The following documents were made available on the MOJ website this morning: Guidance (PDF) on the Bribery Act 2010 (Act); and Quick Start Guide (PDF) on the… Continue Reading