Subscribe to Energy RSS Feed

The Price Cap on Russian Oil – Part 2: Updated OFAC Guidance

In our previous article on this topic (which you can read here), we analyzed recent enforcement activity by the U.S. Department of the Treasury’s Office of Foreign Assets Control (“OFAC”) related to the maritime transport of Russian-origin crude oil and Russian-origin petroleum products above price caps agreed by the “Price Cap Coalition,” comprising Australia, Canada, … Continue Reading

The Price Cap on Russian Oil – Part 1: Increased OFAC Enforcement

In June 2022, the Group of Seven (“G7”) countries—Canada, France, Germany, Italy, Japan, the United Kingdom, and the United States—decided to pursue a policy to cap the price of Russian oil. In December 2022, the G7 countries, joined by Australia and the supranational European Union (together, the “Price Cap Coalition”) officially implemented measures to ban … Continue Reading

First Jury Verdict Rendered Against FCPA Corporate Defendant

Last week, corporate defendant Lindsey Manufacturing, Inc. (“Lindsey Manufacturing”) was convicted of violating the Foreign Corrupt Practices Act (FCPA) for allegedly bribing and conspiring to bribe representatives of a state-owned Mexican utility through a third party intermediary. The Department of Justice’s press release on the case can be found here. Conduct The Department of Justice … Continue Reading

Mexico arrests 2 Chinese executives for bribery attempt at Pemex

Two executives from a Chinese company were arrested by the Mexican Federal Police working together with the Federal Comptroller and the Attorney General’s office.This is the first time corporate executives are arrested as a result of a claim brought by Public Servants in Mexico. On November 30th 2010, the two Chinese executives delivered $3,000 USD … Continue Reading