Airbus’ $4 billion settlement – Key takeaways for business in the Middle East (Regulation Tomorrow)

What are the implications of Airbus' $4 billion global settlement for your business? In this article, Orlando Vidal and I explore the key takeaways for businesses in the Middle East.

Airbus’ record US$4 billion (AED 14.6 billion / 15 billion Saudi Riyal) global settlement with the US Department of Justice (DOJ), France’s parquet national financier (PNF), and the UK’s Serious Fraud Office (SFO) for bribery and related offences has dominated the headlines over the past week. The investigation into Airbus uncovered bribery and attempted bribery in several countries including the United Arab Emirates, Saudi Arabia, Turkey, Kuwait, India, and Russia. Documents filed by the PNF, DOJ and SFO reveal a number of developments in compliance enforcement of which businesses operating in the Middle East should be mindful.

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