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La Cour suprême du Canada tranche : les cadres ne pourront se syndiquer au Québec
Le 19 avril dernier, la Cour suprême du Canada a rendu une décision fort attendue en matière de syndicalisation des cadres.
Mondial | Publication | November 2015
In a landmark judgment at the High Court in London, Lord Justice Leveson approved the first UK Deferred Prosecution Agreement (DPA), agreed by the UK’s Serious Fraud Office (SFO) and ICBC Standard Bank.
The DPA relates to alleged offences under section 7 of the UK Bribery Act 2010 in connection with the bank’s failure to prevent bribery by two executives at a third party financial institution in East Africa. The allegations focus on inadequate systems to prevent bribery. No allegation of knowing participation in an offence of bribery is alleged either against Standard Bank or its employees.
The judgment is available in full here. The SFO’s press release is available here.
In summary, the court approved a DPA which will last for a 3-year period. Penalties totalling US$32.2m imposed include:
Key themes emerging in connection with the DPA process, which provide important lessons for corporates determining how to engage with UK authorities in the DPA process include:
Significantly, the Court heard that the SFO consulted with the US Department of Justice in connection with the determination of an appropriate level of fine. In an indication that the UK authorities will seek to impose penalties comparable to those levied in the US, the SFO sought confirmation from the DOJ that the fine element of the DPA was commensurate to the level of fine the DOJ would issue in this case. Significantly, the US Securities and Exchange Commission confirmed that it would take into account the UK DPA in any proceedings it brings arising out of this conduct. The Government of Tanzania was also consulted. The UK Foreign and Commonwealth Office and the UK Financial Conduct Authority also assisted in resolving this investigation and deferred prosecution.
The period from reporting of the issue by the bank to the conclusion of the DPA process was just over two and half years. The bank made its first report to the SFO in April 2013. On 4 November 2015, the Director of the SFO made an application in relation to a proposed DPA between the SFO and the bank. Within one month the DPA was agreed and approved.
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