article thumbnail

John Deere to Pay $10 Million to Settle SEC’s FCPA Charges

Whistleblower Network News

Securities and Exchange Commission (SEC) announced that Deere & Company, which does business as John Deere, agreed to pay nearly $10 million to resolve charges that it violated the Foreign Corrupt Practices Act (FCPA). The SEC thus charged John Deere with violating the recordkeeping and internal accounting controls provisions of the FCPA.

article thumbnail

International Conference on Public Procurement and Innovation in Africa

Public Procurement Intl

The SBIR program, which has been extensively studied , was an inspiration for the European Union’s “ Innovation Partnerships ” strategy under the EU Procurement Directives , and for the United Kingdom’s Small Business Research Initiative (SBRI) (see 2017 study ; 2022 study ).

article thumbnail

For Advocates, Boeing Whistleblower Death Highlights Concerns with Retaliation and Protracted Legal Proceedings

Whistleblower Network News

After being pushed into an early retirement in 2017, he initiated a legal action under the Wendell H. Corruption takes lives and whistleblowers like Mr. Barnett protect the public from the abuse of our trust and keep corporations accountable. Ford Investment and Reform Act for the 21st Century with the Department of Labor.

Quality 122
article thumbnail

Raytheon to Pay $950 Million in Major FCA and FCPA Case Aided by Whistleblower

Whistleblower Network News

authorities announced major settlements with defense contractor RTX (formerly known as Raytheon Technologies Corporation) over allegations that the company violated both the Foreign Corrupt Practices Act (FCPA) and False Claims Act (FCA). On October 16, U.S. Department of Justice (DOJ) announced a $950 million settlement while the U.S.

article thumbnail

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.

article thumbnail

Interviews with Our Editors: South Africa in the Spotlight with Svetlana Vasileva-Stratenwerth, Secretary General at the Arbitration Foundation of Southern Africa (AFSA) International

Kluwer Arbitration

During my tenure in Seychelles, I was involved with the Seychelles International Financial Services Association (SIFSA), contributing to drafting the International Business Companies (IBC) Amendment Bill and reviewing the International Corporate Service Provider Act in 2017. The AFSA International Rules 2017 also follow this practice.

article thumbnail

Annulment Procedure on the Arbitral Awards Involving Long-standing Dispute between Rutas de Lima and Municipalidad de Lima

Kluwer Arbitration

It found that neither the contract nor the addendum was void due to the corruption allegations. In 2019, Rutas de Lima initiated a second arbitration seeking damages resulting from the Municipality de Lima’s refusal to permit the agreed toll rate increase in December 2017. In 2020, the arbitral tribunal rendered its decision.