German Prosecutors investigate accusations against German energy giant EnBW
Mannheim Public Prosecutor’s office announced they are currently reviewing whether official preliminary proceedings against Germany based company Energie Baden-Wuerttemberg (EnBW) will be initiated....
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“Cum-Ex” Tax Scandal Arrives in Strasbourg and Ensnares International Law Firm
It is said that the history of tax avoidance is as long as the history of tax. One of the latest tax avoidance strategies, which has seemingly crossed the line to illegal tax evasion, is that of...
View ArticleAllianz, SEC reach $12.3M agreement in settlement over charges of FCPA Violation
On December 17 2012 Allianz SE, a major German insurance and asset management company, reached a settlement with the Securities and Exchange Commission (SEC) on charges of violating the Foreign Corrupt...
View ArticleStricter Legislation On Corruption In Healthcare Looming
For years there has been a public debate in Germany about corruption in the healthcare sector – not least because of the huge economical detriments. Experts estimate that corruption in the health care...
View ArticleGerman Anti-Bribery and Anti-Corruption Law – An Introduction
Introduction Since the bribery scandals of international magnitude involving German multinational companies like Siemens as well as the local scandals among public officials and politicians, Germany’s...
View ArticleCriminal bribery and corruption liability of companies under German law
Many thanks to Dr. Andreas Fillmann and Nina K. Hesse from Squire Sanders’ Frankfurt Office for preparing the following article. Criminal liability in the public sector Generally, bribery and...
View ArticleStricter Anti-Corruption laws by implementation of a corporate criminal law...
Criminal proceedings against entities under German law only are possible under provisions of the Code of Administrative Offences (Gesetz über Ordnungswidrigkeiten). The applicable provisions have...
View ArticleFive Minutes on… Anti-Bribery and Corruption Laws in Europe
Anti-bribery and corruption has been a hot topic in the US for almost 40 years. The topic has historically however received much less attention within Europe. That is now changing as Europe is...
View ArticleNew EU directive allows public contract suppliers convicted of corruption to...
The Public Contacts Directive (2014/24/EC – the “2014 Directive”)[1] sets out the legal framework for public procurement when contracting authorities seek to acquire supplies, services, or works (e.g....
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U.S. Sanctions Review: A Recap of OFAC’s Recent Enforcement Actions (Second...
The second half of 2023 saw eight enforcement actions from the Department of the Treasury’s Office of Foreign Assets Control (“OFAC”). These actions reflect a range of penalties, industries,...
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