Sanctions and export controls attorney Susan Kovarovics, a former partner at Bryan Cave, has joined Akin Gump as an international trade partner in the Washington, D.C., office, the firm announced. Kovarovics' practice centers around compliance issues involving International Traffic in Arms Regulations, Export Administration Regulations, Office of Foreign Assets Control sanctions and the Foreign Corrupt Practices Act, the firm said.
Nadiya Nychay, former partner at Dentons, has joined Jones Day as a partner in its government regulation practice based in Brussels, the firm announced. Nychay covers matters involving the World Trade Organization, EU regulatory and trade proceedings and international trade disputes. She also counsels clients on international sanctions and Foreign Corrupt Practices Act compliance, the firm said. Before joining Dentons, Nychay served as a legal officer in the Rules and Accessions Divisions at the WTO.
The Securities and Exchange Commission launched an investigation into Swedish telecommunications giant Ericsson's conduct in Iraq in 2019, the company said in a June 9 filing. The SEC told Ericsson it "has opened an investigation concerning the matters described in the company's 2019 Iraq investigation report." Ericsson responded that while "it is too early to determine or predict the outcome of the investigation," the company is "fully cooperating with the SEC."
DOJ appointed Glenn Leon, Hewlett Packard Enterprise's ethics and compliance chief, to be the next head of the agency’s Fraud Section, an agency spokesperson said June 8. Leon will oversee the agency’s work in white-collar fraud and corruption, including violations and prosecutions involving the Foreign Corrupt Practices Act. He previously worked as a federal prosecutor and served as a supervisor in DOJ’s securities fraud unit.
The Securities and Exchange Commission last week fined Tenaris, a Luxembourg-based manufacturer of steel pipe products, more than $78 million for alleged violations of the Foreign Corrupt Practices Act. Employees and agents of Tenaris’ Brazilian subsidiary allegedly paid about $10.4 million in bribes to a Brazilian government official involved with the bidding process at Petrobras, Brazil’s state-owned petroleum company, the SEC said June 2.
Multinational commodity trading and mining company Glencore International pleaded guilty in U.S. District Court in New York May 24 to violating the Foreign Corrupt Practices Act, the U.S. Attorney's Office for the Southern District of New York announced. Glencore Ltd. also pleaded guilty in the District of Connecticut to conspiring to manipulate commodity prices. Collectively, Glencore International and Glencore agreed to pay over $1.1 billion to settle the investigations into bribery and commodity price manipulation.
Resolutions involving the Foreign Corrupt Practices Act have continued at a “slow” pace in 2022, with only one announced FCPA-related corporate enforcement action during the first quarter of 2022, Miller & Chevalier said in its FCPA Spring Review released May 25. DOJ announced just two bribery-related guilty pleas in the first quarter and two FCPA-related indictments, the firm said. “This pace is consistent with the slower pace of such cases in 2021 and is well behind the pace that marked recent higher volume years such as from 2017 to 2019.”
Luis Enrique Martinelli Linares and Ricardo Enrique Martinelli Linares, brothers who are both dual citizens of Panama and Italy, were sentenced to 36 months in prison each for laundering $28 million in a bribery and money laundering scheme with Brazilian construction conglomerate Oderbrecht S.A., DOJ announced. The U.S. District Court for the Eastern District of New York also ordered the brothers to forfeit more than $18.8 million and pay a $250,000 fine along with serving two years of supervised release.
Elizabeth Boison, previously with DOJ's Bank Integrity Unit and National Cryptocurrency Enforcement Team, joined Hogan Lovells as a partner in the Global Regulatory and Intellectual Property, Media and Technology practice group, the firm announced. During her time in government, Boison also worked with the Treasury Department's Financial Crimes Enforcement Network, where she helped craft guidance on the regulatory enforcement of financial crimes, the firm said. At DOJ, Boison focused on sanctions, asset forfeiture, the Foreign Corrupt Practices Act and other fraud-involved proceedings.
Grace Hill, former assistant U.S. attorney for the Eastern District of Virginia, in the Financial Crimes and Public Corruption Unit, has joined Wilkinson Stekloff as a partner, the firm announced. At EDVA, Hill prosecuted an array of white collar crime cases involving the Foreign Corrupt Practices Act, investment fraud, bribery and public corruption, the firm said.