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Inside Counsel

Tech Groups Launch Broadband Advisory Group

Representatives from tech companies will draft guidance on net neutrality issues.
2 minute read

International Edition

Comment: Bribery Act 2010 paves the way for tougher action

Radical anti-bribery legislation passed in the dying days of the last administration gives the UK one of the toughest legislative frameworks in the world for tackling corrupt payments made here and abroad. The Bribery Act 2010 targets corporate behaviour in particular by introducing a new offence of failing to prevent bribery. The Act also creates new general offences of bribing and receiving bribes linked to 'improper performance' and a new specific offence of bribing a foreign public official. Until recently no company had been successfully prosecuted in the UK for corruption-related offences. Stung by a barrage of international criticism, the UK authorities responded by reaching agreements under which companies pleaded guilty either to bribery or related offences in return for lighter penalties. Recent high-profile prosecutions in Germany and the US of blue-chip companies including Siemens, Daimler and BAE have also placed bribery firmly on board agendas. The stakes are high - fines that can reach astronomical proportions, the threat of permanent exclusion from public sector contracts and prison for individuals directly involved.
4 minute read

Inside Counsel

Lifesoy Fails to Meet FDA Sanitary Standards

Lifesoy must halt production until they meet FDA regulation
1 minute read

Inside Counsel

Multi-Company Patent Settlement Reached

Patent litigation centered on pain-relieving drug OpanaER.
2 minute read

Inside Counsel

Regulatory: Environmental Regulation Under the Obama Administration

EPA attempts to develop pollution controls that, although costly, promise enhanced health and life expectancy for millions of people.
6 minute read

Inside Counsel

Countrywide Home Loans Inc. Convicted of Unfair Lending Practices

Countrywide Home Loans will reimburse overcharged creditors.
3 minute read

International Edition

CC takes lead role as FSA hands out record £33m fine to JP Morgan

The Financial Services Authority (FSA) has handed out a record £33.32m fine to JP Morgan in the latest sign of a tougher regulatory stance from the City watchdog. The penalty, which was announced today (3 June), was handed out after JP Morgan failed to protect client money by keeping it with its own money for almost seven years between 2002 and 2009 following the merger of JP Morgan and Chase Manhattan.
4 minute read

Inside Counsel

Regulatory: Transparency or Industrial Espionage

Figuring out the boundaries between transparency and industrial espionage.
6 minute read

Corporate Counsel

FDA Seeks Feedback On New Regulations for Disclosing Prescription Drug Risks

Comments due by June 28.
2 minute read

Corporate Counsel

FCC Reclassifies Broadband Internet Access

The agency reacts swiftly to the D.C. Circuit's decision in Comcast v. FCC.
15 minute read

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