Trillions of dollars are under management by sovereign wealth funds. The Malaysian 1MDB corruption allegations have hit the headlines and major London litigation involving sovereign funds has included Libyan Investment Authority v Goldman Sachs in 2016, with LIA v SocGen upcoming in 2017.Cases such as KWL v UBS have exposed the corrosive effect of bribery of public officials. Banks around the world are under scrutiny in relation to investment relationships and also money-laundering allegations.
In this seminar Members of 20 Essex Street will explore this uniquely potent combination of fraud, investment, banking and politics, including the relevance of corruption and bribery to potential investment treaty claims.
Andrew Fulton will address the legal principles regarding bribes and secret commissions and provide an overview of rights and remedies.
Philip Edey QC will address the issues and lessons learnt in LIA v Goldman Sachs.
Kate Parlett will address the potential for sovereign wealth funds to file claims under bilateral investment treaties, and discuss the potential bars to such claims where there is evidence of corruption.
Sudhanshu Swaroop QC of 20 Essex Street will focus on corruption/bribery as a sword in investment treaty arbitration, and the circumstances in which the corrupt conduct of State officials and other persons might form the basis for a claim under investment treaty.
Duncan Matthews QC will be chairing the evening.
Date: 7th June 2017
Cocktail reception: 7.30-8.30pm
Venue: Maxwell Chambers, 32 Maxwell Road, Singapore
If you would like to attend please contact Tamara McCombe tmccombe [at] 20essexst [dot] com»