Richard covers antitrust and corruption in New York, as well as competition developments in Canada. He covered litigation in Manhattan before joining MLex.
Selected Insights by Richard
Companies face an unprecedented economic downturn amid the Covid-19 pandemic, and with it, unprecedented pressure to stay afloat as revenue dwindles. The reduction of business opportunities, particularly in the hard-hit developing world, will likely see companies turn to bribery to secure cash.
Canadian companies relying on efficiencies defense in mergers must provide more proof, bureau head saysMerging companies that want to use Canada's efficiency defense will have to offer detailed data or face a potential merger challenge, Canada's Competition Bureau chief said today.
Canada's Competition Bureau intends to step up enforcement and more quickly challenge companies in court, bureau head Matthew Boswell said today.
Canada's new deferred prosecution agreement regime, a legal change that brought the country in line with the US and UK, has been the center of attention after a report alleging that Prime Minister Justin Trudeau pressured an attorney general to grant a deal to bribery-accused engineering firm SNC-Lavalin.
A familiar refrain from the $1000-an-hour lawyers that firms pay to advise them on how to set up a compliance program is that the program needs to be real — not an on-paper simulation to give the outward appearance of compliance. The Amsterdam-based bank ING got a 775 million euro ($897 million) version of that lesson after Dutch prosecutors levied a money laundering-related penalty and, in a remarkably candid assessment, called out the "serious shortcomings" at the institution.