This is the new MLex platform. Existing customers should continue to use the existing MLex platform until migrated.
For any queries, please contact Customer Services or your Account Manager. Dismiss

UK court approves Wood Group's deferred prosecution agreement over bribery offenses

By Annie Robertson ( July 1, 2021, 16:12 GMT | Insight) -- Wood Group has agreed to pay 103 million pounds as part of a deferred prosecution agreement with the UK's Serious Fraud Office today, following formal approval by a London court. The company entered the corporate-style plea deal after its subsidiary, Amec Foster Wheeler Energy, accepted responsibility for bribery offenses in multiple jurisdictions including Brazil, India, Malaysia, Nigeria and Saudi Arabia, between 1996 and 2014.An agreement by Wood Group to pay 103 million pounds ($120 million) as part of a deferred prosecution agreement with the UK's Serious Fraud Office was sealed today with formal approval by a London court....

Prepare for tomorrow’s regulatory change, today

MLex identifies risk to business wherever it emerges, with specialist reporters across the globe providing exclusive news and deep-dive analysis on the proposals, probes, enforcement actions and rulings that matter to your organization and clients, now and in the longer term.


Know what others in the room don’t, with features including:

  • Daily newsletters for Antitrust, M&A, Trade, Data Privacy & Security, Technology, AI and more
  • Custom alerts on specific filters including geographies, industries, topics and companies to suit your practice needs
  • Predictive analysis from expert journalists across North America, the UK and Europe, Latin America and Asia-Pacific
  • Curated case files bringing together news, analysis and source documents in a single timeline

Experience MLex today with a 14-day free trial.

Start Free Trial

Already a subscriber? Click here to login

Related Sections