May 27, 2020 - Preventing corruption is a day-to-day challenge that requires society as a whole to become aware of the necessity to foster a real cultural shift. Although legislation and internal policies remain essential, they are not sufficient to prevent corruption. They must be supplemented by a genuine...
Navigating the Choppy Waters of Foreign Anticorruption Enforcement
The first reported case of corporate foreign corruption dates back to the 16th century, when the British East India Company bribed Mogul rulers with “rare treasures, including paintings, carvings and costly objects made of copper, brass and stone” in consideration of a tax break on exports. Historically, these practices were seen as an essential aspect of doing business abroad, or “as a kind of grease to move economic machinery along when there were bureaucratic obstacles.” Thus, foreign corruption became a well-entrenched profitable practice, which was even welcomed by shareholders of early multinationals.
May 25, 2020 - The federal government has published a draft legislative proposal that would allow for the extension of certain legislative time limits and other periods due to COVID-19. The draft proposal (referenced as the Time Limits and Other Periods Act [COVID-19]) released on May 20, 2020,...