Laws that try to proscribe bribery and corruption have a long and glorious history. The payment of bribes to public officials is illegal under a number of laws, including the domestic law of many countries around the world. Charez Golvala, a Chadbourne & Parke partner based in London, looks at some ways in which the modern laws against bribery and corruption can impact transactional practice in developing markets. "M&A deals must also become part of the battleground against bribery and corruption," he says.
November 19, 2007 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Laws that try to proscribe bribery and corruption have a long and glorious history. A Roman senator could be dismissed from office for the “moral corruption” of bribery, and under the Magna Carta of 1215 the king’s officials were prohibited from taking commodities without paying for them in an attempt to eradicate corruption.
This article looks at some ways in which the modern laws against bribery and corruption can impact transactional practice in developing markets.
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