Civil Action No. 1:13CV461 (E.D. Va., April 16, 2013) The Securities and Exchange Commission today charged Parker Drilling Company, a worldwide drilling services and project management firm, with violating the Foreign Corrupt Practices Act (FCPA) by authorizing improper payments to a third-party intermediary retained to assist the company in resolving customs disputes. Weiterlesen
U.S. SECURITIES AND EXCHANGE COMMISSION v. Parker Drilling Company
SEC Announces Non-Prosecution Agreement With Ralph Lauren Corporation Involving FCPA Misconduct
Washington, D.C., April 22, 2013 — The Securities and Exchange Commission today announced a non-prosecution agreement (NPA) with Ralph Lauren Corporation in which the company will disgorge more than $700,000 in illicit profits and interest obtained in connection with bribes paid by a subsidiary to government officials in Argentina from 2005 to 2009. The misconduct was uncovered in an internal review undertaken by the company and promptly reported to the SEC. Weiterlesen
SEC Charges Total S.A. for Illegal Payments to Iranian Official
Washington, D.C., May 29, 2013 — The Securities and Exchange Commission today charged France-based oil and gas company Total S.A. with violating the Foreign Corrupt Practices Act (FCPA) by paying $60 million in bribes to intermediaries of an Iranian government official who then exercised his influence to help the company obtain valuable contracts to develop significant oil and gas fields in Iran. Weiterlesen
Don’t Claim it is Legal to Bribe Another Government’s Representatives – Especially in China
Last week a guest blog post in the FCPA Blog by Ernesto Sanchez, entitled “What’s good for reciprocity may be bad for FCPA prosecutions”, implied that the US District Court’s ruling when it “vacated an SEC Dodd-Frank rule mandating that certain companies publicly disclose payments made to foreign governments in connection with the commercial development of oil, natural gas, or minerals” would have some effect on the enforcement of the Foreign Corrupt Practices Act (FCPA). In his penultimate paragraph Sanchez said, “The SEC may have wanted to mandate certain corporate disclosures to, among other things, ensure greater FCPA compliance in the U.S. energy sector. But what happens when other countries have no FCPA equivalent and view the matter of disclosure quite differently?” Weiterlesen
Produkthaftung USA – Haftungsrisiken senken und Sicherheit durch die richtigen Abwehrstrategien gewinnen!
NIETZER & HÄUSLER beim Seminarveranstalter Management Circle zu folgenden Themen (hier das Programm: Produkthaftung-USA-Seminar):
- Produkthaftungsrecht in den USA: Parallelen und Unterschiede zum europäischen Produkthaftungsrecht
- Haftungsfalle Warning Defect: Gestaltung von Warnhinweisen und Manuals
- Der US-amerikanische Produkthaftungsprozess: Besondere Risiken für deutsche und europäische Hersteller
- Präventivmaßnahmen: Haftungsminimierung durch optimierte Vertragsgestaltung
- Der GAU: Verhalten und Möglichkeiten nach Zustellung der U.S.-Klage
US-Produkthaftung: Herstellerrisiko – Post-sale Duty to Warn, Retrofit or Recall
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Während sich die meisten Hersteller über die Eigenschaften und die Sicherheit ihrer Produkte zum Zeitpunkt des Verkaufs bzw. des Inverkehrbringens umfassend Gedanken machen, übersehen sie häufig die sich zeitlich daran anschließenden Obliegenheiten („Post-sale Duties“): diese können sowohl in einer Verpflichtung bestehen, betreffend neu entdeckter Risiken ihrer Produkte zu warnen als auch Umrüstungen vorzunehmen oder die Produkte gar zurückzurufen. Diese Fälle können eine erheblich wirtschaftliche Belastung darstellen und den Boden für Klagen nähren. Weiterlesen
ILR: The Ralph Lauren Debate: Unusual Resolution Sparks Questions About Jurisdiction, Declinations
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Main Justice | Subscription Required | Jun 10, 2013
Ralph Lauren Corporation’s April foreign bribery non-prosecution agreements have dawn opposite reactions from the Foreign Corrupt Practices Act defense bar: The apparel manufacturer caught a lucky break – or it got a raw deal.
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ILR: Lawsuits Against S.& P. Sent to One Court
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New York Times | Jun 10, 2013
Standard & Poor’s won a ruling on Thursday that moves 15 lawsuits in which it and its parent company, McGraw-Hill Financial, were accused of fraudulently inflating credit ratings to one federal court.
ILR: Judge Rebukes 2 Lawyers Profiting From U.S. Disability Law
New York Times | 2013
The lawyers drafted the lawsuits by the dozens, claiming that local businesses had violated federal law by not providing access to people with disabilities – and generating thousands of dollars per case in legal fees for themselves.
ILR: Class Action Plan Could Make UK Europe’s Antitrust Hotspot
Legal Reform News Daily | Law 360
The British government vowed Tuesday to push for a new class action system for antitrust litigation, a move attorneys say could make the U.K. the center for private cartel damages cases across Europe.