Shaul Brazil Quoted In GIR Article On Barclays Euribor Sentencing

Shaul Brazil Quoted In GIR Article On Barclays Euribor Sentencing

BCL partner, Shaul Brazil has been quoted in GIR (Global Investigations Review) titled ‘Euribor: “The senior managers should have known”’.

Below is a short excerpt from the article:

“While sentencing former Barclays trader Carlo Palombo and ex-managing director Colin Bermingham, who was responsible for submitting the dishonest rates, Gledhill J drew attention to two issues that he had raised in a previous Euribor trial: absent oversight by senior bank executives and the unclear motives of a convicted individual.

Shaul Brazil at BCL Solicitors in London said that in Bittar’s sentencing remarks “the judge appeared to indicate that others at the bank above Bittar were aware of the request culture, that is, asking submitters to submit in such a way that would suit the traders. The court seems therefore to have believed that knowledge of the conduct existed in the bank at higher levels”.

You can read the full article on the GIR website.*

Shaul Brazil is a partner at BCL specialising in business crime and regulatory enforcement, acting for individuals and companies in complex cross-border matters. He has extensive experience advising on multi-jurisdictional corruption and fraud investigations, asset recovery proceedings (in the UK and overseas), and extradition proceedings (in particular, politically motivated requests). He has acted in numerous high-profile investigations and prosecutions brought by the SFO and many other UK and overseas enforcement authorities.

* This article was first published by GIR on the 2nd April 2019. For further details please visit the GIR website.