DOJ

Vimpelcom – 795 mio USD, Telia - 965 mio USD, and now MTS - 850 mio USD. Why should we care in Ukraine?

Vimpelcom – 795 mio USD, Telia - 965 mio USD, and now MTS - 850 mio USD. Why should we care in Ukraine?

In March 2019, US DoJ and SEC announced that “MTS (Mobile TeleSystems), the largest mobile telecommunications company in Russia, and its wholly owned Uzbek subsidiary, have entered into resolutions with the DoJ and SEC and agreed to pay a combined total penalty of $850 million to resolve charges arising out of a scheme to pay bribes in Uzbekistan.” Actually, I predicted that MTS might be in trouble in my post on VimpelCom case back in 2016. Since 2015, MTS Ukraine, a subsidiary of leading Russian mobile service provider MTS is operating under the brand of Britain's Vodafone.

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Reaching the Unreachables. How a Long Arm of the FCPA Could Get You? Part II/II

 Reaching the Unreachables. How a Long Arm of the FCPA Could Get You? Part II/II

In the first part of this post I rather touched the theoretical part, i.e. what the law exactly says; now is the time to see real life examples of how FCPA is enforced and its extended overseas reach.
 
It is important to note that interpretation of legislation has always been a privilege of the judicial ...

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7 Lessons from FCPA Guide for Ukraine

7 Lessons from FCPA Guide for Ukraine

Speaking with specialists in compliance field and managers of Ukrainian branches I realized that many of us do not read essential readings and rely only on internal company’s policies, procedures, frameworks, trainings and guidance. Indeed it is wise and important to build global consistency in ...

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