Law.com Subscribers SAVE 30%
Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
In the Courts
Royal Dutch Shell and Eni Head to Trial over Nigeria Corruption Allegations
Since 2014, oil and gas companies Royal Dutch Shell Plc and Eni SpA have been investigated by authorities in Italy, the Netherlands, and Nigeria regarding alleged significant payments to secure a billion-dollar deal involving one of Nigeria's largest untapped oil fields. On Dec. 20, 2017, a judge in Milan, Italy, accepted charges both for Shell and Eni, as well as Eni's CEO and a number of current and former employees of both companies, to stand trial beginning March 5, 2018. While anti-corruption investigations are not uncommon in the oil and gas industry, such a trial is rare and could be precedent-setting.
Italian prosecutors have been working to build a case related to the acquisition of a deepwater oil-prospecting license by the companies in 2011. Prosecutors allege that Eni and Shell paid almost $1.1 billion into a Nigerian government escrow account, part of which was later said to be distributed amongst Nigerian officials as payoffs for the deal. In December 2017, the Milan prosecutor alleged that at least $520 million was converted to cash and intended to be paid to the then Nigerian president, a former oil minister, and other Nigerian officials.
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.
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.
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.
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?