How 5 Law Firms Helped Airbus Land Its Record Settlement
The €3.6 billion ($4 billion) settlement closed a long-running, multijurisdiction investigation into alleged corruption and bribery by the aircraft maker.
The coordinated settlement agreement that lifted a legal cloud over Airbus was the product of an extraordinary, multiyear collaboration among five top-tier law firms in three countries, working closely with Airbus and national authorities in a “virtual law firm” whose size and scope was unprecedented, according to lawyers involved.
Airbus will pay a total of €3.6 billion ($4 billion) to authorities in France, the U.K. and the United States to settle a four-year-long investigation into accusations that the aerospace giant, based in Toulouse, France, arranged bribes to sell its products between 2004 and 2016 in violation of International Traffic in Arms Regulations (ITAR).
This premium content is reserved for
Law.com International Subscribers.
BENEFITS OF A SUBSCRIPTION INCLUDE:
- Customized news by region including UK, Asia, Europe, Latin America, Middle East, Africa, and North America
- Cutting-edge research such as UK Top 100, China 45, and Asia 50
- Get the inside track on the biggest breaking stories that delve deep into the issues behind the headlines
- Comprehensive coverage of the dynamic legal market from people moves to the major international jurisdictions
- Global view into how legal tech, business of law, in-house and regulatory environments are intersecting worldwide
Already a subscriber? Sign In Now