Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Business Crimes Hotline
NEW YORK
Odebrecht and Braskem Settle for a Combined $3.5 Billion in Largest Ever Global Bribery Case
On Dec. 21, 2016, the Department of Justice (DOJ) announced a settlement with Brazilian engineering and construction firm Odebrecht S.A. (Odebrecht) and Brazilian petrochemical company Braskem S.A. (Braskem), stemming from a global bribery scheme facilitated by the two companies. Braskem is half-owned by Odebrecht, with Petróleo Brasileiro S.A. (Petrobras), Brazil's state-owned oil company now at the center of the long-running global corruption investigation known as Operation Car Wash, maintaining a minority stake in the company. According to Deputy Assistant Attorney General Sung-Hee Suh of the DOJ's Criminal Division, “Odebrecht and Braskem used a hidden but fully functioning Odebrecht business unit — a 'Department of Bribery,' so to speak — that systematically paid hundreds of millions of dollars to corrupt government officials on three continents.” Odebrecht and Braskem settled with authorities in the U.S., Brazil and Switzerland for a combined penalty of at least $3.5 million, representing the largest global foreign bribery settlement to date.
This premium content is locked for Entertainment Law & Finance subscribers only
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
- Stay current on the latest information, rulings, regulations, and trends
- Includes practical, must-have information on copyrights, royalties, AI, and more
- Tap into expert guidance from top entertainment lawyers and experts
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
Major Differences In UK, U.S. Copyright Laws
This article highlights how copyright law in the United Kingdom differs from U.S. copyright law, and points out differences that may be crucial to entertainment and media businesses familiar with U.S law that are interested in operating in the United Kingdom or under UK law. The article also briefly addresses contrasts in UK and U.S. trademark law.
The Article 8 Opt In
The Article 8 opt-in election adds an additional layer of complexity to the already labyrinthine rules governing perfection of security interests under the UCC. A lender that is unaware of the nuances created by the opt in (may find its security interest vulnerable to being primed by another party that has taken steps to perfect in a superior manner under the circumstances.
Strategy vs. Tactics: Two Sides of a Difficult Coin
With each successive large-scale cyber attack, it is slowly becoming clear that ransomware attacks are targeting the critical infrastructure of the most powerful country on the planet. Understanding the strategy, and tactics of our opponents, as well as the strategy and the tactics we implement as a response are vital to victory.
Legal Possession: What Does It Mean?
Possession of real property is a matter of physical fact. Having the right or legal entitlement to possession is not "possession," possession is "the fact of having or holding property in one's power." That power means having physical dominion and control over the property.
Removing Restrictive Covenants In New York
In Rockwell v. Despart, the New York Supreme Court, Third Department, recently revisited a recurring question: When may a landowner seek judicial removal of a covenant restricting use of her land?