Any corporate finance deal always carries a set of required disclosures. Target companies want to know as much as possible about the plans and financial capabilities of prospective acquirers and buyers want to make sure there are no undisclosed skeletons in the target company’s closet. This broad disclosure is also essential, in particular, for the protection of shareholders: on the one hand,...Read More
Businesses should be afraid, in fact they should be very afraid. On the 1st July 2011 the new Bribery Act came into force. It takes no prisoners. No facilitation payments are tolerated. Any and all corrupt business conduct is criminalized. And the Bribery Act is international. It is, like Apple Corporation’s “Cloud”, criminal legislation, which hangs over the entire business world. And the...Read More
Since 2008, the number of SEC and DOJ prosecutions of FCPA violations has increased significantly. More and more cases have been brought; penalties and settlement amounts have also skyrocketed, to the point that nine digit figure are becoming standard.
While most of the attention was usually focused on companies, enforcement authorities do not hesitate to go after individuals. In March 2010,...Read More
