Results 1-10 of 13
14 May 2019
Officials from the US Office of Foreign Assets Control (OFAC) have been teasing for months that they would issue guidelines to help companies comply with US sanctions regulations. On 2 May 2019, OFAC made good and published the much-anticipated "A Framework...
2 April 2019
Welcome to the latest edition of our Guide to Anti-Corruption Legislation in Asia Pacific. Businesses need to ensure that they are compliant with applicable anti-corruption laws in each of the countries in which they operate as well as with applicable international...
26 February 2019
It appears the Trump administration has decided to embrace economic sanctions as a tactical foreign policy weapon, using the US Office of Foreign Assets Control (OFAC) to maximize its leverage over foreign adversaries. In particular, OFAC is sanctioning major companies...
29 January 2019
The pace of Foreign Corrupt Practices Act ("FCPA") enforcement in Asia Pacific remained steady in 2018, but not of torrential proportions. Notable cases from the region included Panasonic's $280 million settlement with the US Department of Justice...
7 January 2019
Gut instincts can be good when undertaking an anti-corruption risk assessment on an Asia Pacific business opportunity. But even better is data obtained from leading public interest and international organisations, including the United Nations, the World Bank and...
3 July 2018
Australia is preparing for a big increase in the maximum penalties for corporate crime. The proposed increases bring Australia into line with the sanctions available in other jurisdictions, particularly the UK and US, thereby increasing their deterrent value to...
17 May 2018
New record cartel penalties in Australia is reflective of the ACCC's and Australian courts tougher stance against hard core cartels.
9 February 2018
Clifford Chance is pleased to provide the latest edition of our Guide to Anti-Corruption Legislation in Asia Pacific. Our lawyers continually strive to provide the most up-to-date guidance to help you comply with the anti-corruption laws and regulations in the...
22 November 2017
Companies and individuals are increasingly the target of regulatory investigations in Australia. Local regulators have long expressed frustration at the disparity between the options available to them when compared to their overseas counterparts. However,...
10 August 2017
On 3 August 2017, his Honour Justice Wigney delivered the first criminal cartel judgment under the criminal cartel provisions of the Competition and Consumer Act 2010 (Cth) (CCA) against Nippon Yusen Kabushiki Kaisha (NYK), a Japanese shipping line. The decision...