The Wall Street Journal reported on 12 October 2014 that an ex-CEO is seeking to force his former employer to turn over the results of the company’s internal investigation. The CEO’s motion was filed in New Jersey federal court last week. The company has been investigated by the US Department…
The German Bundestag voted in favor of the ratification of the UN Convention against Corruption on Thursday evening. The Bundesrat, the second German legislative body representing the Federal States is expected to finalize the ratification process when they meet in October. The UN Convention is a multilateral convention. It obliges…
On 11 August 2014, a Shanghai Court sentenced two Corporate Investigators to two and a half years imprisonment. Peter Humphrey and his wife, Yu Yingzeng, were held guilty of stealing and selling personal information for profit once they confessed having obtained private information on Chinese citizens by illegal means. Together…
On 21 July 2014, the Organisation for Economic Co-operation and Development published a report called “Assessment of Merger Control in Chile”. The report’s findings emphasize the importance of a functioning merger control system: in the first part of the report, investigators describe the Chilean regime on merger controls, closing up…
15 July 2014 – US authorities recently released a report which concluded that the US Department of Homeland Security needs to better address port cyber security. The operations at ports are supported by information and communication systems. These systems are susceptible to cyber-related threats, i.e. the movements of containers from…
26 May 2014 – In April 2013 the Sexual Harassment of Women at Workplace Act (“Sexual Harassment Act”) passed the Indian parliament. It became effective in December 2013. The Times of India now reports that many of the larger companies have implemented measures as required by the Sexual Harassment Act.…
According to an article published by Spanish newspaper El País on May 12, 2014 the Spanish government is to create an extensive database monitoring Spanish bank accounts. The administration is following the recommendations of the Financial Action Task Force (FATF), an intergovernmental organization founded in 1989 by initiative of the…
21 May 2014 – On 1 January 2014, the Indian President, Pranab Mukherjee, signed a new anti-corruption legislation (lokpal bill) which will enhance the country’s capacities to combat corruption. This new piece of legislation creates an ombudsman who will be vested with the powers to prosecute politician, ministers and civil…
May 19, 2014 – The standing working group compliance of the Federation of German Corporations’ General Counsel (Bundesverband der Unternehmensjuristen, “BuJ”) has proposed a draft bill on corporate compliance. The working group’s proposal comprises a general obligation to compliance for all companies that operate in Germany. Together with the widely…
On 11 March, 2014, Transparency International reported that the Haitian Parliament passed a comprehensive anti-corruption law, thereby putting an end to a long-lasting legislative process. From the very beginning, non-governmental organizations were asked to provide input for the new anti-corruption law. As such, the enacted rules are based on Transparency…