Hong Kong: The duties of Hong Kong company directors and valuers: The SFC issues a warning
Article by Alex Potts From Sedgwick Chudleigh Nearly half of the market capitalization of the Hong Kong Stock Exchange is represented by companies incorporated in either Bermuda or the Cayman Islands. Directors, officers, and insurers of such companies need to…
U.K. Serious Fraud Office enters first deferred prosecution pact, with ICBC Standard Bank
By Sue Reisinger, From Corporate Counsel ICBC Standard Bank on Monday agreed to pay $36.9 million in a global settlement with the U.S. and U.K. governments over a bribe paid to secure business with the Tanzanian government. The settlement marked…
Criminal prosecution of corporations: more likely and much harsher
From Taylor Wessing After much anticipation, it has been announced that deferred prosecution agreements (DPAs) will become available in the UK from 24 February 2014. The SFO, inspired by the extensive and successful use of DPAs by American regulators, is…
