Petrofac Sentence Highlights the Value of Cooperation Versus Remediation

The recent sentencing of Petrofac and its former head of sales for bribery offenses under the U.K. Bribery Act highlights the ongoing fallout from the Unaoil case, the value of cooperation with SFO investigations and the need for enhanced due diligence and monitoring of business intermediaries in high-risk sectors and regions. See ACR’s three-part series on the SFO’s Cooperation Guidance: “Transparency” (Sep. 18, 2019); “Waiving Privilege” (Oct. 16, 2019); and “Internal Investigation Expectations” (Nov. 13, 2019).

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