Corruption law coming of age
|Area||Corporate Finance and Securities, White Collar Risk Management and Investigations|
Article originally published in Canadian Lawyer, October 2011
There has been a lot of attention paid recently to the enactment and enforcement by various countries of anti-bribery statutes that prohibit payments made to foreign officials by businesses for the purpose of obtaining some commercial advantage (some of these countries might have been paying better attention to the bribery of officials at home as reported ad nauseam in every paper with the possible exception of the News of the World). Recent developments include a surge in prosecutions under the United States’ Foreign Corrupt Practices Act and the coming into force this past summer of the United Kingdom’s Bribery Act, as well as some signs of life in Canada’s Corruption of Foreign Public Officials Act.