The failure of many industrialized nations to meet their commitments under the 1997 OECD Convention creates a substantial disadvantage for corporations subject to U.S. jurisdiction because the United States has the world’s strongest enforcement program. This disadvantage is especially troubling during a world recession when there is a desperate scramble for global orders and sales, and when some nations ignore their enforcement obligations under the OECD convention (or more formally, the Organisation for Economic Co-Operation and Development Convention on Combating Bribery of Foreign Public Officials in International Business Transactions) in order to promote trade and protect jobs, allowing companies in those nations to bribe overseas with impunity.
Nonenforcement is, in fact, pernicious protectionism.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
