Abbot’s £5.6m pay-out 'first under Bribery Act initiative'

Table of contents

• Original news
• What were the key features of the case?
• What does this matter tell us about the operation of the self-reporting initiative?
• How do approaches differ in Scotland and England? Does the difference in approach raise any problems?
• How has prosecution and reporting developed since the BA 2010 was introduced?
• Are there concerns with the current system and what should lawyers be aware of when advising clients?

Article summary

Corporate Crime analysis: Abbot Group Ltd, the Scottish oil industry services provider, has paid £5.6 million to the Scottish government after it admitted to benefiting from corrupt payments overseas. The case is the first instance of a civil settlement under the Bribery Act 2010 self-reporting initiative. Jeremy Summers, a partner and member of the Business Crime and Regulation department of Russell Jones & Walker, discusses the case.