News & Analysis as of September 19, 2024

European Union › Criminal Investigations

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The European Union is an economic and political partnership comprised of 27 nations within the Eurozone. The EU was established in 1948 to promote stability and cooperation among member states in the aftermath of WWII. The EU maintains a common currency as well as several intranational institutions, including the European Parliament and the European Commission. less -

Quarterly Cartel Catch-Up: 2024 Mid-Year Global Review

Morrison & Foerster LLP on 7/19/2024

At the mid-year point, 2024 is shaping up to be an eventful year in cartel enforcement. In the United States, the U.S. Department of Justice (DOJ)’s Antitrust Division (Division) enjoyed two significant victories and finally...more

Sanctions Update: EU Takes Step to Harmonise Criminal Penalties for Breaches of EU Sanctions

Latham & Watkins LLP on 5/23/2024

The new Directive (EU) 2024/1226 defines criminal offences and penalties for breaches of EU sanctions. This Client Alert summarises key provisions and implications for businesses. This Client Alert is published in the...more

Teeth Can Bite: Towards Harmonized Rules on EU Sanctions Criminal Enforcement

Mayer Brown on 3/15/2024

On March 12, 2023, the European Parliament ("EP") formally endorsed the adoption of a Directive defining criminal offences and penalties for the violation of European Union ("EU") restrictive measures, colloquially known as...more

The Framework for Cooperation between the European Public Prosecutor's Office and Non-EU Third Countries

White & Case LLP on 10/10/2022

The European Public Prosecutor’s Office ("EPPO") is the European Union's ("EU") supranational prosecutorial body that launched its operations on 1 June 2021. The EPPO is charged with investigating and prosecuting economic...more

The Complementary Roles of the European Public Prosecutor's Office and the European Anti-Fraud Office

White & Case LLP on 2/11/2022

In June 2021, the European Public Prosecutor's Office ("EPPO"), a body charged with investigating and prosecuting economic crimes against the financial interests of the European Union ("EU"), became the first supranational...more

Global Investigations Review: Basic Anatomy of Enforcement Investigations in Europe

White & Case LLP on 1/13/2022

Securities laws across France, Germany and the United Kingdom are widely comparable. Each country recognises the importance of maintaining a strong procedural framework of regulation and enforcement. The EU Market Abuse...more

EU Court Limits EU and Schengen Nations' Ability to Enforce Interpol Red Notices

Jones Day on 6/11/2021

The Situation: On May 12, 2021, the Court of Justice for the European Union ("CJEU") held that European Union ("EU") and Schengen Area member states cannot make an arrest pursuant to an Interpol Red Notice if the person to be...more

INTERPOL, Red Notices and Russia’s Navalny situation- how the EU’s response to Russian human rights abuse matters to INTERPOL

Estlund Law, P.A. on 2/2/2021

As most followers of Russian news know by now, opposition leader and activist Alexei Navalny was detained immediately upon his recent return to Russia, after a 5-month absence due to his recovery in Germany from nerve agent...more

Association Sanctions Act: Legislative process Is progressing

Morrison & Foerster LLP on 9/28/2020

The comprehensive reorganization of the sanctioning of companies for company-related criminal offenses through an Association Sanctions Act (“ VerSanG ”) is drawing closer. The Federal Council approved the federal...more

European Anti-Fraud Office (“OLAF”) remains active during COVID-19 crisis and targets increase in investigation and prosecution of...

Dechert LLP on 5/5/2020

The Director-General of OLAF, Ville Itälä, has indicated in a recent interview that OLAF is seeking to coordinate more with authorities in EU Member States to increase the number of prosecutions brought for EU budget fraud....more

Global Cartel Enforcement Report Year - End 2019

Morgan Lewis on 3/2/2020

Global cartel fine totals rebounded somewhat in 2019, approaching historical norms following two years of sharply lower fine levels. The $6.1 billion total is the highest global fine level since 2016. Most of the increased...more

Financial Daily Dose 2.24.2020 | Top Story: Wells Fargo to Pay $3 Billion to Resolve DOJ and SEC Investigations

Robins Kaplan LLP on 2/24/2020

Wells Fargo & Co. agreed to pay a total of $3 billion to resolve criminal and civil investigations by the DOJ and SEC. Wells Fargo admitted “that it took millions in wrongful fees and interest, misused customer information...more

Food & Beverage Litigation Update l February 2020 #2

Shook, Hardy & Bacon L.L.P. on 2/18/2020

LEGISLATION, REGULATIONS & STANDARDS - France to Ban Mass Culling of Male Chicks - France’s agriculture minister has reportedly announced that the country will prohibit the mass culling of male chicks shortly after they...more

Air cargo defendant extradited to stand trial

Hogan Lovells on 1/17/2020

The Antitrust Division (Division) announced Monday that Maria Christina "Meta" Ullings, a Dutch national and former executive for Martinair Holland N.V., was extradited from Italy to the United States after being apprehended...more

Update on the Enforcement and Litigation Issues Arising out of Cum-Ex Trades

Cohen & Gresser LLP on 12/10/2019

The shock waves from the German authorities’ tax evasion investigation into cum-ex transactions, a complex form of dividend arbitrage, continue to be felt throughout Europe. A large number of UK and European financial...more

No-Poach Prosecutions: A Growing Problem for Private Equity?

Latham & Watkins LLP on 12/9/2019

Buyout firms and portfolio companies should take note of heightened scrutiny of HR and employment practices by antitrust enforcers, both in the US and in Europe. No-poach and wage-fixing agreements — arrangements between...more

US Signs First Bilateral Data Sharing Agreement Under the CLOUD Act

WilmerHale on 10/7/2019

The Department of Justice announced yesterday that the United States and the United Kingdom have entered into the first of the international executive agreements authorized under the Clarifying Overseas Use of Data (CLOUD)...more

Actual Impact of 2018 U.S. CLOUD Act Still Hazy

Dechert LLP on 7/22/2019

Over a year following enactment of the U.S. “Clarifying Lawful Overseas Use of Data” or CLOUD Act, significant questions remain unanswered about the law and its potential impact on global investigations involving cloud stored...more

Antitrust in focus - June 2019

A&O Shearman on 7/2/2019

This newsletter is our take on the antitrust developments we think are most interesting to your business. Börries Ahrens, partner based in Hamburg, is our editor this month....more

Major Changes to Slovak Whistleblowing Rules as of March 1, 2019

White & Case LLP on 4/6/2019

A new act on whistleblowing (Act No. 54/2019 Coll., on the Protection of Whistleblowers) (the "Act on Whistleblowing", or the "Act") has been adopted with effect as of March 1, 2019, which replaces the former Act No. 307/2014...more

The Bribery Act 2010 – Brexit and EU enforcement

BCLP on 4/5/2019

In this second article of our series on the House of Lords Select Committee’s recent report, entitled “The Bribery Act 2010: post-legislative scrutiny”, we come to that now inescapable topic in British law and politics —...more

Growing pressure on technology companies to disclose customer data quickly

A&O Shearman on 4/2/2019

The U.S., EU and the UK authorities have taken steps to make it much easier and quicker for criminal investigators to access electronic data stored abroad. Digital evidence is required in many cases – around 85% of EU...more

Cross-Border Investigations Update - January 2019

Skadden, Arps, Slate, Meagher & Flom LLP on 1/7/2019

This issue of Skadden’s semiannual Cross-Border Investigations Update takes a close look at recent cases, regulatory activity and other key developments, including DOJ guidance on the use of corporate monitors in criminal...more

Privacy - Wherefore Art Thou? - The Third Circuit Denies 4th Amendment Right

Foley & Lardner LLP on 12/20/2018

The Third Circuit Denies 4th Amendment Right - Let’s face it – over the last 20 years or so, we have come to embrace, celebrate, and depend completely on electronic communications. What is more, we keep reaching out to...more

Recent Nordic Scandals Involving ING Bank and Danske Bank Underscore the European Union’s Vulnerabilities to Money Laundering

Ballard Spahr LLP on 9/7/2018

In the wake of this week’s revelations of years-long and significant alleged money laundering failures involving ING Bank and Danske Bank, European regulators have circulated a confidential “reflection paper” warning national...more

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European Union › Criminal Investigations

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