Recovering from a relatively slow start to the year, due in no small part to the global pandemic, the U.S. Foreign Corrupt Practices Act (“FCPA”) Units of the U.S. Department of Justice (“DOJ”) and Securities and Exchange Commission (“SEC”) closed the year with a bang. With 32 combined FCPA enforcement actions, 51 total cases including ancillary enforcement, and a record-setting $2.78 billion in corporate fines and penalties (plus billions more collected by foreign regulators), 2020 marks another robust year in the annals of FCPA enforcement.
This client update provides an overview of the FCPA and other domestic and international anti-corruption enforcement, litigation, and policy developments from 2020, as well as the trends we see from this activity. We at Gibson Dunn are privileged to help our clients navigate these challenges daily and are honored again to have been ranked Number 1 in the
As for profits, Vistry will arrive at £140m-ish for 2020, a fall on 2019 but at the top end of expectations. And, since there has been “no impact” so far from the third lockdown, the company expects an increase in profits to £310m in 2021. Dividends are also coming back. Chief executive Greg Fitzgerald now says he is “less concerned” about the end of the stamp-duty holiday.
Rishi Sunak, let’s hope, will draw the obvious conclusion: Treasury support is best directed at those sectors that are genuinely suffering in lockdown – think hospitality and events. We won’t hold our breath but it would be nice if housebuilding’s lobbyists conceded it is time to step off the subsidy treadmill.
Editor’s Note: Images of the Sydney arrest located via Hightail. The Australian Federal Police (AFP) has arrested a second man in relation to a long
Second person arrested in Iraqi oil bribery scandal theusnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theusnews.com Daily Mail and Mail on Sunday newspapers.