AGENT WINS ARBITRATION AWARD IN UK COURT DESPITE ‘SERIOUS INDICIA OF BRIBERY’

On 24 June, a post on the always interesting FCPA Blog reported that a UK court has upheld an arbitration award against French transport giant Alstom brought by a small Hong Kong-based agent that helped it win rail network contracts worth over $1.1 billion in China from 2003 until 2012, and which had been pursuing Alstom for in punitive and compensatory damages in 3 different jurisdictions, including the UK. This is despite a finding of a French appeal court last year of “serious, precise and consistent indicia that the sums Alstom paid to ABL financed and remunerated the bribery of public officials”. The post makes interesting (not to say disturbing) reading, noting that the UK court set a different standard in its judgment and did not feel bound by the French ruling.

https://fcpablog.com/2020/06/24/practice-alert-alstoms-china-agent-wins-arbitration-award-in-uk-despite-serious-indicia-of-bribery/

 

 

If you would like to say thanks by making a small contribution, in case I need to upgrade or replace my computers and other paraphernalia, I have a page at https://www.buymeacoffee.com/KoIvM842y

Author: raytodd2017

Chartered Legal Executive and former senior manager with Isle of Man Customs and Excise, where I was (amongst other things) Sanctions Officer (for UN/EU sanctions), Export Licensing Officer and Manager of the Legal-Library & Collectorate Support Section

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s