The explanatory notes to the Bribery Act 2010 have now been published. Background – The UK’s current law has been considered to be unsatisfactory because it is inconsistent with the OECD Bribery Convention, which the UK ratified in 1998. The Organisation of Economic Co-operation and Development (OECD) highlighted many of the problems with the current […]

With an increasing number of insolvency proceedings before it, the Jersey courts have recently seen several cases involving court appointed liquidators. An appropriate remedy The recent case of In the Matter of Centurion Management Services Limited [2009] JRC227 (1 December 2009) the Royal Court confirmed the decision made in Belgravia and reviewed the factors which […]

On 21 July 2009 the SFO, one of the bodies whose consent is required before proceedings can be instituted under the Bribery Act and who will be responsible for enforcing the Bribery Act in respect of overseas corruption published a press release setting out its approach to dealing with overseas corruption (Guidance). The Guidance sets […]

Jersey: Just And Equitable Winding Up In Jersey- Who Will Take On The Role Of Liquidator? 15 May 2009 (Ogiers) – With most economies on the edge of, or else in recession, the number of insolvency proceedings in a number of jurisdictions, will undoubtedly increase. Jersey will be no exception, not only with regard to […]

What are defence offsets? – The defence industry is often seen as more prone to corruption than others primarily because of the secrecy surrounding military spending and national security. Such lack of transparency in a market estimated to be worth US $1.5 trillion in 2008 increases the risk of abuse. One area that receives little […]

Global Witness has written an open letter to Heads of State and Finance Ministers for G20 renews call for effective anti-money laundering framework – the open letter calls on the Financial Action Task force to report back on specific actions it has taken to help detect and deter the proceeds of corruption by prioritizing work […]

The volcanic eruption in Iceland has caused untold chaos to business in Europe and beyond, but there is guidance out there as to how to at least go some way to remedying circumstances. Marsh, the world’s leading insurance broker and risk adviser, is issuing business continuity, supply chain and insurance advice to organisations affected by […]

The 2010 – 2012 Business Plan sets out the Commission’s objectives together with an explanation of how they will be met. Included in the Business Plan are all known objectives at the time of writing. While many of these are likely to be completed during 2010, some will continue into 2011 and beyond. The Business […]