Bribery and Corruption

Two of the UK’s largest suppliers of roofing lead have admitted to taking part in anti-competitive arrangements and could face fines of more than £11m.

A South Korean court is expected to rule today on whether to arrest Samsung Group leader Jay Y. Lee on new allegations including accounting fraud and stock manipulation, two years after completing his last jail sentence.

https://www.cityam.com/decision-looms-on-second-arrest-of-samsung-boss-on-fraud-allegations/

LONDON (Reuters) - The UK Serious Fraud Office has closed a three-year bribery and corruption investigation into the British subsidiaries of Swiss engineering company ABB, it said on Tuesday.

https://uk.finance.yahoo.com/news/britains-fraud-office-closes-investigation-085700405.html?soc_src=social-sh&soc_trk=tw

As countries face undeniable emergencies, concentration of powers, derogations from fundamental rights and freedoms, and as large amounts of money are infused into the economy to alleviate the crisis (now and in the near future), corruption risks should not be underestimated. It is therefore most important that anti-corruption is streamlined in all COVID-19, and more generally, pandemic-related processes.  

https://rm.coe.int/corruption-risks-and-useful-legal-references-in-the-context-of-covid-1/16809e33e1

Anti-corruption agency has stopped handling paper documents and seized devices

Businesses are likely to face challenges in untangling themselves from temporary cooperation arrangements set up to ensure the manufacturing and supply of essential goods and services during the coronavirus crisis.

https://www.pinsentmasons.com/out-law/analysis/coronavirus-competition-law-after-lockdown

ZURICH (Reuters) - World soccer body FIFA said the expiry without a verdict of a fraud trial in Switzerland over a payment linked to the 2006 World Cup was worrying for the sport and the Swiss justice system.

https://uk.reuters.com/article/uk-soccer-fifa-trial/fifa-says-2006-world-cup-fraud-trial-expiry-worrying-for-swiss-justice-system-idUKKCN22B0PH

VIENNA (Reuters) - A Vienna court has stopped an Austrian investigation into alleged fraud by Airbus (AIR.PA) and Eurofighter Jagdflugzeug GmbH in connection with a $2 billion (£1.61 billion) Eurofighter jet purchase in 2003, it said on Monday.

https://uk.reuters.com/article/uk-airbus-group-austria-inquiry/austrian-court-ends-fraud-probe-of-2003-eurofighter-deal-bribery-case-continues-idUKKCN2292NE

ZURICH (Reuters) - Swiss Attorney General Michael Lauber faced calls on Monday to resign over accusations that he botched a high-profile soccer corruption trial.

Businesses must be careful to avoid breaching competition law when discussing how best to address labour supply issues with other companies in their market in light of the Covid-19 pandemic, legal experts have said.

https://www.pinsentmasons.com/out-law/news/coronavirus-labour-cooperation-competition