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ARTICLE · 30 JUNE 2011

Canada Gets Serious About Foreign Anti-Corruption Enforcement

Osler, Hoskin & Harcourt LLP
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On Friday June 24, 2011, Niko Resources Ltd. (Niko), a TSX-listed international oil and natural gas exploration and production company, entered a plea of guilty to a single charge under Canada's Corruption of Foreign Public Officials Act (CFPOA), the first major public enforcement action Canada has taken since its 1999 proclamation.

CanadaCriminal Law
Osler, Hoskin & Harcourt LLP
Osler, Hoskin & Harcourt LLP
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On Friday June 24, 2011, Niko Resources Ltd. (Niko), a TSX-listed international oil and natural gas exploration and production company, entered a plea of guilty to a single charge under Canada's Corruption of Foreign Public Officials Act (CFPOA), the first major public enforcement action Canada has taken since its 1999 proclamation. The conviction of the Company marks a notable milestone for Canada's enforcement of its foreign anti-corruption statute, and an earlier announcement that there are currently 23 ongoing corruption investigations should raise awareness among Canadian enterprises involved in foreign contracting and natural resource exploration and development. ( Click here for a Copy of the Indictment against Niko Resources Ltd.)

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