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Foreign Corrupt Practices Act Update: Considerations Around Voluntary Disclosures

GovCon & Trade

Two recently announced Foreign Corrupt Practices Act (FCPA) settlements involving reinsurance companies demonstrate what happens when the rubber hits the road. Correspondingly, this is yet another important factor to consider in determining whether to make a disclosure. Jardine Lloyd Thompson Group Holdings Ltd.

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Vatican Recognizes Importance of Financial Whistleblowers with New Procedures

Whistleblower Network News

On January 24, the Vatican issued new procedures on whistleblowing , recognizing the critical role whistleblowers play in exposing corruption and financial misconduct. The new document expands upon procedures first laid out in 2019 for reporting financial anomalies to the Office of the Auditor General.

Import 113
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Worley International Services v. Ecuador: The What, When and How in Corruption Allegations

Kluwer Arbitration

On its part, the Respondent raised several objections to the jurisdiction of the Tribunal, specifically pointing to several instances of corrupt and illegal acts allegedly committed by Worley at the making and during the operation of the investment. Worley may have willfully failed to monitor and investigate Tecnazul’s corrupt activities.

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WNN Exclusive: Fish and Wildlife Service Whistleblower Awards Remain Severely Underutilized

Whistleblower Network News

Kohn , the author of a landmark 2016 paper on wildlife whistleblower awards. For example, in 2016, the FWS publicized an offer of a $5,000 award for information on the illegal killing of an endangered gray wolf in Southeast Oregon. The program has tremendous potential and could revolutionize the enforcement of wildlife crime.

Utilities 129
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Ad hoc Arbitration in China: Progress and Uncertainty

Kluwer Arbitration

In light of the 2024 Draft Revisions, there are several important issues that remain unclear, and which parties may encounter in practice: Is Asset Preservation Possible? The latest 2024 Draft Revisions essentially confirm the existing regime for ad hoc arbitration in China, rather than expanding its scope.

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Countdown to RIDW25: KSA’s Drive for Diversity – Can it Deliver in the World of ADR?

Kluwer Arbitration

Subsequently, in 2016, the Administrative Court of Appeal in Dammam confirmed the appointment of the first Saudi woman as an arbitrator in a commercial dispute in KSA, Ms. Vision 2030 highlights the importance of providing equal opportunities for men and women in all sectors. of the KSAs workforce, up from 20% in 2016.

IT 52
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Supreme Court Rules Gratuity Insufficient For Conviction Under Federal Bribery Law

Government Contracts Legal Forum

Key Takeaway – The Decision Narrows Federal Government Authority to Prosecute Corruption by Local Officials By carving out rewards, or gratuities, offered and accepted after an official act, the Supreme Court has substantially narrowed the scope of Section 666. View the full article