September 27, 2017 - Assignment

Telia Company reaches global settlement with U.S. and Dutch authorities in connection with international corruption investigation

On September 21, 2017, Telia Company announced that it reached a global settlement with the U.S. Department of Justice, Securities and Exchange Commission and the Dutch Public Prosecution Service. The settlement related to issues concerning compliance with anti corruption and anti money laundering laws in connection with transactions in Eurasia. The settlement was reached after a three and a half year multinational investigation.

Telia Company agreed to a total financial sanction of $965 million for corruption violations in Uzbekistan. The resolution does not require the Company to retain a compliance monitor, implement changes to its compliance program, or periodically self report on its compliance program to the DOJ or SEC. The global resolution brings an end to all known international corruption related investigations or inquiries into Telia Company.

Mannheimer Swartling was Swedish counsel to Telia Company, working closely with and coordinating U.S., Dutch and other international counsel.

Mannheimer Swartling is also representing Telia Company in the Swedish disgorgement process that has been initiated by the Swedish Prosecution Authority.