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UK fraud office loses Supreme Court case against KBR over overseas documents

· 02/05/2021 04:49
UK fraud office loses Supreme Court case against KBR over overseas documents

- The UK Serious Fraud Office (SFO) on Friday lost a Supreme Court case against U.S. engineering, procurement and construction company KBR Inc KBR.N over whether it has the power to compel foreign businesses to hand over documents held overseas.

In a judgment that will hamper cross-border criminal investigations, senior judges said they unanimously disagreed with a 2018 lower court ruling that so-called Section 2 notices could have extra-territorial reach.



(Reporting by Kirstin Ridley; editing by John Stonestreet)

((kirstin.ridley@thomsonreuters.com; +44 (0) 207 513 5666;))