Pinsent Masons has advised on a £5.6m Bribery Act settlement by a Scottish drilling company, in the first case involving self-reporting by a company under the new legislation.
The settlement comes after oil and gas services company Abbot Group this July admitted to Scotland’s Crown Office and Procurator Fiscal Service (COPFS) that it had benefited from corrupt payments made in connection with a contract between 2006 and 2007, entered into by one of its overseas subsidiaries and an overseas oil and gas company.
