That was quick and across the pond. It’s all here in the Friday roundup.
That Was Quick
Last week’s Friday roundup included the SEC’s announcement that Alex Oh (a partner at Paul, Weiss, Rifkind, Wharton & Garrison LLP and co-chair of the law firm’s Anti-Corruption & FCPA Practice Group) was appointed Director of the Division of Enforcement.
This week the SEC announced that Oh resigned for “personal reasons.”
According to this article, the resignation occurs “just days after a federal judge raised the prospect of sanctions in a case she had recently handled as a corporate defense attorney.” The article states:
“Her resignation … came just days after a D.C. federal judge ruled that a team of Exxon’s attorneys would need to explain why they should not be sanctioned for deriding their opposing counsel in a deposition for a long-running case related to alleged human rights abuses in Indonesia. The team of Paul Weiss attorneys, which included Oh until she left the firm on April 22, claimed plaintiffs’ counsel in the case had been “agitated, disrespectful, and unhinged” during a February deposition without providing any evidence to support those claims, according to a Monday order from U.S. District Judge Royce C. Lamberth, who specifically called for a copy of the order to be served on Oh.”
Across the Pond
Way back in 2012, the U.K. Serious Fraud Office launched an investigation of GPT Special Project Management Ltd. in connection with telecommunications work carried out for the Saudi Arabian National Guard.
Earlier this week the SFO announced that the company (now a subsidiary owned by Airbus SE) entered a guilty plea to one count of corruption, contrary to section 1 of the Prevention of Corruption Act 1906. In sentencing GPT, the judge ordered the company to pay a confiscation order of £20,603,000, fine of £7,521,920, and costs of £2,200,000.