Airbus Corruption Probe Likely to Continue
Although the Trump administration unexpectedly imposed record fines under the Foreign Corrupt Practices Act (“FCPA”), it also initiated “fewer and fewer new FCPA investigations”. The National Law Review reports that it expects the incoming Biden administration to “continue the trend of increasing FCPA enforcement settlement values, while also increasing the pace of initiating new...
Thai to Seek Extension to File Bankruptcy Reorganization Plan
Thai Airways International Plc (“Thai”) will seek an extension to submit a bankruptcy rehabilitation plan from the end of this year until February of 2021. This could change. To recap Thai’s own history of the bankruptcy reorganization proceedings filed on behalf of or by Thai thus far:
26 May 2020 – Thai submitted a petition to enter bankruptcy rehabilitation proceedings and propose...