Tag: Dechert

Daily Compliance News: February 5, 2024 – The Facebook is 20 Edition

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Post date February 5, 2024
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Welcome to the Daily Compliance News. Each day, Tom Fox, the Voice of Compliance, brings you compliance-related stories to start your day. Sit back, enjoy a cup of morning coffee and listen to the Daily Compliance News. All from the Compliance Podcast Network. Each day, we consider four stories from the business world: compliance, ethics, risk management, leadership, or general interest for the compliance professional.

In today’s edition of Daily Compliance News:

Facebook turns 20. (WSJ)
Razak sentence length has been halved. (Al Jazeera)
More bad news for Dechert. (Reuters)
Will FTX repay its creditors? (NYT)

For more information on Ethico and a free White Paper on top compliance issues in 2024, click here.

Tags 1MDB, Dechert, Facebook, FTX, Najib Razak

FCPA Compliance Report

A Dark Day for Dechert

In this episode, I visit with Jonathan Armstrong, partner at Cordery Compliance in London. We consider the recent payment by the international law firm Dechert of £20 million for its conduct and that of its former partner Neil Gerrard in the ENCR affair. The matter was a dark day for Dechert and a black eye on the legal profession. Some of the highlights include:

Key areas we discuss on this podcast are:

· What were the failures of the law firm?

· What led to the £20 million interim payment?

· Will there be discipline against the law firm?

· What is the role of a law firm in overseeing investigations?

· How are the implications of holding investigative data under GDPR going forward?

· Who watches the watchers (and investigators)?

Resources

Jonathan Armstrong on Cordery Compliance

Hannah Walker in Law.com on the scandal