Covington & Burling

International Top 30 position: 25

Categories:Africa,Crime,UK

UK anti-corruption enforcement update: civil recovery settlement with Oxford Publishing Limited

The UK Serious Fraud Office (SFO) announced earlier this week that it had obtained a civil recovery order from the High Court requiring Oxford Publishing Limited (OPL), a whollyowned subsidiary of Oxford University Press (OUP), to pay £1,895,435, plus prosecution costs. This amount represents profits OPL is thought to have generated through the unlawful conduct of its Kenyan and Tanzanian subsidiaries. This is the latest in a series of civil recovery orders agreed to by the SFO and granted under Part V of the UK Proceeds of Crime Act 2002 (POCA). It provides companies with further guidance on some of the factors that the SFO will consider when deciding whether to pursue a criminal prosecution or a civil remedy in the context of a voluntary disclosure.

Click on the link above to download this Covington & Burling briefing.

Briefings from Covington & Burling

View more briefings from Covington & Burling

Analysis from The Lawyer

  • Bale

    Summer Round-up: Deals, booted

    Footie and telecoms dominate our regular round-up of recent M&A activity, as the threat of rising interest rates kick-started activity among organisations.

Browse This Firm’s

Overview

265 Strand
London
WC2R 1BH
UK

Firmwide revenue 2011 ($m): 611
Global lawyers 2011: 781