The risk of white-collar crime in the UAE is high, but authorities are increasingly proactive in taking steps to prevent, detect and prosecute crime and thereby to enhance the country’s profile as a safe investment destination.
We understand that it would be frustrating to get detained in China (or elsewhere indeed), but it doesn’t mean that you can do nothing about it – you still have the chance to not get formally arrested or prosecuted, or obtain a not-guilty verdict under the PRC criminal law regime. The key is to act …
Continue reading “What to do if you get detained in China for white-collar crime”
The Covid-19 pandemic has brought about significant challenges for many businesses, and a heightened risk of financial difficulty and insolvency. While the number of formal insolvencies has been relatively low thus far, troubled businesses may be forced to pursue accelerated asset disposals, or may themselves present an attractive investment opportunity for new equity stakeholders capable …
Thank you very much to those who completed the Board of the Future survey. Your involvement has given us some valuable insights into the quality and focus of leadership. A measure of any board’s worth is its flexibility and ability to respond to change and challenge. The survey shows a significant altering of priorities, particularly …
Continue reading “The board of the future: altered priorities”
On 24 December 2020 the Fiscal Procedure Code in Romania was amended and several fiscal-budgetary measures were approved. This law came with many important changes in the area of fiscal law, but it also impacts, to a large extent, the field of white-collar crime.
As the level of sophistication of economic crime has evolved and increased, there has been a growing need to streamline the mechanisms for confiscating its benefits, thus eliminating its economic incentive and inculcating the idea that ‘crime does not pay’. The law went beyond a strict definition of white-collar crime and entered what is seen …
Continue reading “New Portuguese powers to seize criminal spoils – a dangerous game”
In September 2020, the French Minister of Economy (Bercy) announced more controls on financial and tax optimisation schemes. This statement is part of the logical flow in reinforcing the fight against tax fraud in France.
It is an undeniable truth that the regulatory framework and law in relation to anti-corruption in India has undergone a significant change in the last couple of years. Considerable amendments have been made that have tightened disclosure requirements in the light of swelling number of financial frauds in India. To that end, the government of …
Continue reading “Recent shifts in India’s anti-bribery and anti-corruption strategy”
In our increasingly globalised world, crime and in particular white-collar crime often traverse multiple jurisdictions, involving persons from all over the globe. With a few clicks of a button, the technology that connects our world can also facilitate the concealment, manipulation and dissipation of assets, information and documents. This makes such crimes difficult to detect, …
While in-house lawyers were struggling during 2020 to deal remotely with the myriad commercial crises affecting their company, financial crime prosecutors globally were continuing to raise the bar on company compliance programmes – signalling repeatedly that any company seeking a reduced penalty or other form of leniency following a compliance incident would need to demonstrate …
Continue reading “Compliance programmes – why it pays to be up to scratch”
Adapting Mexican corporate governance policy related to new market realities would need corporate law reform with the backing of enforcement. Nevertheless, certain local instruments – which lack binding force and which may, at best, fit in the category of ‘soft law’ – attempt to direct corporate practices through a voluntary approach. This is the case …
Continue reading “Corporate governance in Mexico: overview and trends 2021”
In our article, we will highlight recent developments and key issues for corporate governance in Switzerland. Several developments are driven by the new corporate law reform that has been passed last year. This includes a new gender quota, fine-tuning of executive compensation regulation, and other corporate governance topics. In addition, we will discuss the new …