26th Annual Transnational Crime Conference

8 May - 10 May 2024

Session information

Subsidies fraud post-Covid-19

Description

This panel will dissect the intricate landscape of subsidies fraud in the aftermath of the Covid-19 pandemic. The health emergency created by Covid-19 led state authorities and international institutions to allocate significant financial resources to companies, through subsidies and other forms of aid, to overcome not only the sanitary urgencies, but also the subsequent economic crisis. These subsidies were often granted through fast-track procedures with relaxed controls and unusual procurement processes. Did companies manage these public funds diligently? Has there been an increase in investigations of fraud and corruption because of the audits carried out by regulatory authorities after the global crisis? This panel will navigate the complexities of this topic, discussing actual cases from different jurisdictions, emerging trends, lessons learned and strategies to combat fraudulent practices.

Session / Workshop Chair(s)

Adriana De Buerba PEREZ-LLORCA, Madrid, Spain; Co-Chair, Criminal Law Committee
Cristián Francos Lewis Baach Kaufmann Middlemiss, Washington, District of Columbia, USA; Co-Chair, Business Crime Committee

Speakers

Nicolas Bourtin Sullivan & Cromwell LLP, New York, New York, USA
Stefano Manacorda Chiomenti Studio Legale, Rome, Italy
Daniel Praetorius Lembeye Abogados, Santiago, Chile
Carol Sun JunHe LLP, Shanghai, China; Asia Pacific Regional Forum Liaison Officer, Criminal Law Committee