Paul Hastings Wins “Most Important Development of the Year” at the Global Investigations Review Awards 2023
November 17, 2023
Paul Hastings LLP received the “Most Important Development of the Year” award at the Global Investigations Review (GIR) Awards 2023. The firm was recognized for advising ABB, a global automation, robotics, and engineering company headquartered in Switzerland, in negotiating a coordinated global resolution of parallel civil and criminal investigations — by authorities in South Africa, Germany, Switzerland, and the U.S. – into allegations of bribery by ABB in connection with the construction of a power plant in South Africa.
The ABB resolution broke new ground as the first corporate resolution of corruption allegations with South African authorities. Despite ABB’s status as a repeat offender in the U.S., ABB was not required to plead guilty at the parent level or undergo a third-party compliance monitorship — an extremely favorable result which caught the attention of the entire FCPA bar.
The ninth annual GIR Awards recognize the people and firms behind the investigations and court cases that have impressed most in the past year.
About Paul Hastings
With widely recognized elite teams in finance, mergers & acquisitions, private equity, restructuring and special situations, litigation, employment, and real estate, Paul Hastings is a premier law firm providing intellectual capital and superior execution globally to the world’s leading investment banks, asset managers, and corporations.