Tag Archives: CapLaw-2016-24

Revised Rules on Anti-Bribery and Corruption Law – Increased Duties for Companies and Their Boards of Directors

On 1 July 2016 revised rules on anti-bribery and corruption law entered into force. The revisions aim at improving the basis to combat corruption in the business sector (so-called private sector bribery). Notably, individuals and companies may be punished cumulatively. Under the new rules, companies and their boards of directors should take appropriate internal measures to prevent private sector bribery.

By Tino Gaberthüel (Reference: CapLaw-2016-24)