Top former A&O partner charged in Petrobras probe


By Neasa MacErlean

22 December 2015 at 09:02 BST


The Allen & Overy partner who used to be head of its Dutch practice has been charged by the Brazilian Public Prosecutor's Office in relation to the long-running investigation into oil giant Petrobras.

360b

Sietze Hepkema was also the global corporate co-head at A&O until he retired from the firm in 2011. He then joined the Dutch company SBM Offshore as chief governance and compliance officer. He was asked to oversee an investigation into allegations of bribery payments that were said to have been made by the company in Brazil and other countries. 

Still on supervisory board

Mr Hepkema's name appeared on a list of 12 people charged over bribes alleged to have been made in relation to contracts between Petrobras and SBM Offshore. Mr Hepkema is still on the SBM Supervisory Board. It has issued a statement saying: 'The Supervisory Board sees no impediments to Mr Hepkema continuing to serve as member of the SBM Offshore Supervisory Board. As always, due regard is given to potential conflicts of interest.' Source: The Lawyer

 
   
 
 
 

Also read...

Deutsche Bank spends $17 billion in a decade on legal costs

Despite spending $17 billion, the bank still has five of its biggest cases outstanding and has set aside $2.9 billion for litigation provision in the first quarter.