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.
Sign in or Register to continue reading this article
It's quick, easy and free!
It takes just 5 minutes to register. Answer a few simple questions and once completed you’ll have instant access.Register now
Why register to The Lawyer
In-depth, expert analysis into the stories behind the headlines from our leading team of journalists.
Identify the major players and business opportunities within a particular region through our series of free, special reports.
Receive your pick of The Lawyer's daily and weekly email newsletters, tailored by practice area, region and job function.
More relevant to you
To continue providing the best analysis, insight and news across the legal market we are collecting some information about who you are, what you do and where you work to improve The Lawyer and make it more relevant to you.
News from The Lawyer
Analysis from The Lawyer
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.