In the CFTC Order, Vitol consented without admitting or denying
[5] to the entry of findings that the company is liable for corrupt, fraudulent, “manipulative and deceptive” conduct involving state-owned entities (“SOEs”) in Brazil, Ecuador, and Mexico.
[6] Vitol admitted to the findings in the DOJ DPA,
[7] which cover substantially the same conduct as the CFTC Order, but does not include the attempted energy market manipulation that the CFTC alleged violates the CEA.
[8] In related actions in 2019 and 2020, the DOJ also charged several individuals, including a U.S.-based former Petrobras official involved in the Brazilian scheme, and a Houston-based Mexican citizen and former Vitol trader for his role in the Ecuador scheme.
It seemed appropriate that another version of Tom Wolfe’s book
The Right Stuff, has been released, this time for the small screen. It came out just as we lost the origin of the term ‘the right stuff’, who was Chuck Yeager, who died last week. Yeager was the American test pilot who broke the sound barrier in 1947 flying in an X-1. According to his New York Times (NYT) obituary, Chuck Yeager, was “the most famous test pilot of his generation, who was the first to break the sound barrier and, thanks to Tom Wolfe, came to personify the death-defying aviator who possessed the elusive yet unmistakable “right stuff””.
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NEW YORK, Dec. 16, 2020 /PRNewswire/ Winston & Strawn LLP is pleased to announce that 13 attorneys have been elected partner. This class reflects Winston s ongoing commitment to diversity and inclusion, with 54 percent from diverse backgrounds, 46 percent women, and 31 percent representing racial and ethnic minorities.
Among this new class are Sofia Arguello, Cristina I. Calvar, and Angela A. Smedley, the first graduates of Winston & Strawn s Diversity and Inclusion Associate Sponsorship Program, a mentoring initiative that pairs high-potential women, minority, and LGBTQ associates in their fifth and sixth year of practice with a sponsor from the firm s Executive Committee. Additional members of the class include Mark Christy, Peter W. Clarke, Kerry C. Donovan, Benjamin C. Galea, Sean Kelly, Bradley A. Noojin, Benjamin Ostrander, Jeanifer Parsigian, Stephanie Sebor, and Patrick Selinger.
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In order to provide an overview for busy in-house counsel and compliance professionals, we summarize below some of the most important international anti-corruption developments from the past month, with links to primary resources. This month we ask: How will the election of Joe Biden as president of the United States impact Foreign Corrupt Practices Act (FCPA) enforcement? How busy was the U.S. Securities and Exchange Commission (SEC) with FCPA-related tips in 2020? How strong are foreign bribery enforcement efforts in the United States and the Netherlands? The answers to these questions and more are here in our November 2020 Top 10.
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