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Tougher Revised UK Bribery Act Policies
In a development that took some by surprise, on Oct. 9, 2012, the UK's Serious Fraud Office (SFO) issued new policies under the Bribery Act 2010, which could change the way some companies do business. It is critical for corporate counsel, white-collar and corporate practitioners to understand the changing contours of the Bribery Act 2010 and the impact the changes have on defense strategies, defenses, and counsel to their companies.
Now more than ever, understanding the similarities and, more importantly, the differences between the Bribery Act 2010 and the U.S. Foreign Corrupt Practices Act (FCPA) is paramount. For those unfamiliar, the SFO is the UK independent government agency that investigates and prosecutes serious or complex fraud, as well as corruption. Its powers are similar in some respects to those of the U.S. Securities and Exchange Commission (SEC) and U.S. Department of Justice (DOJ). The new policies are related to facilitation payments, business expenditure (hospitality) and corporate self-reporting. See www.sfo.gov.uk/press-room/latest-press-releases/press-releases-2012/revised-policies.aspx. The announcement is meant to revise existing SFO pronouncements on the enforcement of the Bribery Act 2010, which took effect on July 1, 2011.
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Beach Boys Songs Written Decades Ago Triggered Current Quarrel With Lawyers
There's current litigation in the ongoing Beach Boys litigation saga. A lawsuit filed in 2019 against Nevada residents Mike Love and his wife Jacquelyne in the U.S. District Court for the District of Nevada that alleges inaccurate payment by the Loves under the retainer agreement and seeks $84.5 million in damages.
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Transfer Tax Implications on Real Property Leases
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The Article 8 Opt In
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