Shell directors face up to 5 years in jail if guilty of price-fixing


Assessment of current situation in the price-rigging investigation partly based on an articled published today by The Lawyer today under the headline “All eyes on energy“:

Royal Dutch Shell is being advised by Clifford Chance in relation to the allegations of price-fixing.

Competition lawyers say that the investigation could be “bigger than Libor”.

If the allegations prove to be true, there is the prospect of unlimited fines and jail terms of up to 5 years for  directors.

There is an incentive of reduced sanctions dependent on the degree of co-operation i.e. turning informer.

Shell has confirmed that it is co-operating with the investigation.

Shell lawyers will have to decide whether to defend or continue to co-operate.

via Royal Dutch Shell Plc .com.

via Royal Dutch Shell Plc .com.

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About Old Boy

Love the past and the future but live in the present

Posted on May 25, 2013, in buisiness, Crime, Energy, gas, Government, oil, UK, USA, Wealth and tagged , , , , , , , . Bookmark the permalink. Leave a comment.

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