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Keeping your dawn raid guidance current
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
Global | Publication | February 2017
"When a company discovers potential corruption issues with one of its active third parties, it faces a difficult balancing act between litigation, commercial and regulatory risks."
Third party service providers are businesses’ single biggest corruption risk. The vast majority of prosecutions and regulatory settlements arise out of payments to agents, distributors, brokers, consultants, or other third parties.
Below, we highlight the key legal issues that commonly arise when an allegation of corruption is received in relation to an active third party and outline steps that can be taken when engaging third parties to enable companies to better deal with these legal issues as they develop.
Contractual provisions are important in terms of providing tools to deal with the legal issues arising out third party engagement. Ideally, a company should aim to give itself rights t
Publication
Unannounced inspections or ‘dawn raids’ are used by antitrust authorities to obtain evidence when there are suspicions that individuals or businesses have infringed the antitrust rules.
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The EU Foreign Subsidies Regulation, or FSR, is intended to prevent or remedy distortions of the EU internal market caused by “foreign” – meaning non-EU – subsidies benefitting companies active in the EU.
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The English High Court has given its judgment in the legal battle between FW Aviation (FWA) and VietJet Aviation Joint Stock Company (VietJet). This case revolved around the enforcement of leasing agreements for four Airbus aircraft and the alleged interference by VietJet in the aircraft’s repossession in Vietnam.
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