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ARTICLE · 22 DECEMBER 2014

Settlements In Brief: SBM And Bio-Rad Settle Alleged Foreign Corrupt Practices

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

De Brauw Blackstone Westbroek

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Alleged foreign corrupt practices are regularly settled out of court, and we often consider settlements as setting precedents.

GlobalCriminal Law
Roan Lamp
Roan Lamp
Patrick Ploeger
Patrick Ploeger
Geert Potjewijd
Geert Potjewijd
Rick Van ’T Hullenaar
Rick Van ’T Hullenaar
Marnix Somsen
Marnix Somsen
Richard Van Staden Ten Brink
Richard Van Staden Ten Brink
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Alleged foreign corrupt practices are regularly settled out of court, and we often consider settlements as setting precedents. We provide a brief overview of the most important settlements every month. This month we briefly discuss recent settlements reached in the Netherlands with SBM Offshore and in the US with Bio-Rad Laboratories. We also briefly discuss a possible upcoming settlement with Commerzbank, another European bank that may have breached US economic sanctions law.

SBM Offshore N.V.

SBM Offshore N.V. (SBM) entered into a USD 240 million out-of-court settlement with the Dutch Public Prosecution Service  relating to alleged improper payments to sales agents in Equatorial Guinea, Angola and Brazil from 2007 through 2011. The U.S. Department of Justice (DoJ) is not prosecuting the company and has closed its inquiry into the matter.

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