On April 29, 2016 the Canadian Supreme Court ruled that the Ontario Superior Court of Justice could not compel the World Bank to produce records or require its personnel to testify in court. The case, World Bank Group v. Wallace, challenged the immunities granted to the Bank that cover its archives and employees. Over the past few years, the Bank has increasingly sent information regarding fraud and corruption cases to national enforcement agencies for investigation and prosecution. This decision will likely increase such cooperation – and companies should be aware of the various risks associated with an investigation by the Bank. For a detailed analysis of the decision, please click here.
