C5 Communications

An Interview with Dr Klaus Moosmayer, Chief Compliance Officer, Siemens

An Interview with Dr Klaus Moosmayer, Chief Compliance Officer, Siemens 5 September, 2014 by Ben Sharples (b.sharples@c5-online.com), Senior Conference Producer, Legal Division, C5 Communications Dr Klaus Moosmayer, Speaker at C5’s Compliance and Legal Risk Leaders Summit Q1. – What would you say have been the key changes in the compliance officers’ role in the last 12-18…

Compliance Officers Struggling with Expanded Responsibilities and Liabilities

The recent Munich Court Judgment against Neubürger (April 2014) has shown how the failure to address regulatory risks and comply with relevant laws exposes senior management to prosecution. As a result, legal counsel and compliance officers whose responsibility it is to report to, adequately inform and protect the board are increasingly challenged to answer to…

The Corruption risks Scandinavian businesses face when doing business in overseas markets

Recent enforcement activities by the UK’s Serious Fraud Office (SFO) and FCPA are signaling a new era of relentless investigation and prosecution of corrupt practices. The cases involve investigations for individuals and companies such as GlaxoSmithKline, Alstom UK, Airbus Group NV, Sweett Group and others. In this article we review the recent bribery and corruption…

An Interview with Sergei Kaduk, DCM Director, Sberbank CIS

Challenges and Prospects of the Securitisation Market in Russia An Interview with Sergei Kaduk, DCM Director, Sberbank CIS 29 July, 2014 by Anita Arthur (a.arthur @ c5-online.com), Divisional Manager, Emerging Markets, C5 Communications – Sergei, you’ve worked in the Russian securitisation market for a longtime and have an impressive track record of good deals. How…

Impact of changes to Valuation under the Union Customs Code on Customs Duties: Removal of the First Sale Rule under the Current Implementation Legislation

Impact of changes to Valuation under the Union Customs Code on Customs Duties: Removal of the First Sale Rule under the Current Implementation Legislation Since the Union Customs Code (UCC) was adopted on 9th October, 2013, replacing the long awaited but never realised Modernised Customs Code, there has been speculation on how this new Regulation…

Interview with Sergei Kaduk, DCM Director, Sberbank CIB

О ВЫЗОВАХ И ПЕРСПЕКТИВАХ РЫНКА СЕКЬЮРИТИЗАЦИИ В РОССИИ. Анита Артур (a.arthur@c5-online.com), Руководитель конференции России & СНГ С5 Communications беседует с DCM Директором Сбербанк CIB Сергеем Кадуком.   – Сергей, Вы давно работаете на рынке секьюритизации в России, вам удалось провести много удачных сделок. Как Вы оцениваете текущее состояние рынка, его перспективы на 2015 год? Сергей…

Tension for long-term gas supply arbitrations in Asia growing

Against a backdrop of European sanctions, new US and Australian gas field developments, and a breakthrough deal between Russia and China, the global gas landscape is shifting rapidly. At C5’s 4th Long Term Gas Supply Contracts Congress in Berlin, market leading gas companies convened at the annual industry gathering to analyse the future of long-term…

Essential elements of a Corporate Compliance programme

Source: Presented at C5’s 2nd Forum on Anti-Corruption, West Africa. Full presentation available here.   Essential elements of a Corporate Compliance programme   Organisational leadership & culture •Tone from the Top •Compliance and Controls structure (FTE and non-FTEs) •Incorporating compliance objs into coy-wide objs Standards & Procedures •Internal policies, procedures and SOPs Training & Communications…

Anti-Corruption – Industry News

Turkey learns how to fight against corruption from Singapore, By SERKAN DEMİRTAŞ, Posted on Hurriyet Daily News The number one item on Turkey’s agenda since Dec. 17 are the massive corruption and graft allegations against senior government members, including Prime Minister Recep Tayyip Erdoğan and his family. Four ministers had to resign after prosecutors argued that they had…

D&O Liability Insurance – Industry News

Ex-judge calls for D&O liability reform Former NSW Supreme Court judge Dr Robert Austin set off a recent panel discussion by arguing that lawmakers need to “urgently” revisit the high level of liability on Australian directors. Austin (pictured right), now a senior consultant with Minter Ellison where he was a partner from 1990 to 1998,…

Online Gaming – Industry News

Merge Gaming Suspends Online Poker Accounts in NJ and DE, by Dabid, Posted on BetOnline The regulation of online poker in New Jersey and Delaware is being blamed for the Merge Gaming Network suspending players´ accounts in those jurisdictions. This weekend, hundreds of online poker players in New Jersey and Delaware tried to log in…

Sumitomo Chemical reference: When are marketing authorisations valid?

By Dr Beatriz San Martín & Phil Bilney In the recent Sumitomo Chemical preliminary ruling which is of relevance not only to the chemical and agriculture industry but also to the pharmaceutical industry, the CJEU has held that a supplementary protection certificate (“SPC”) for a plant protection product (“PPP”) cannot be sought on the basis of an emergency…