Impact of International Anti-Corruption Rules on the Business Community in the UAE

May 05, 2013


Overview

On May 5 and 6, 2013, Jonathan Kolodner and Chris Macbeth, in collaboration with Paris-Sorbonne University Abu Dhabi, presented a seminar on the impact of international anti-corruption rules on the business community in the UAE, in Abu Dhabi and Dubai.

In the wake of the landmark 1977 US Foreign Corrupt Practices Act (“FCPA”) and the 1997 OECD Convention on Combatting Bribery of Foreign Public Officials in International Business Transactions, anti-corruption legislation and litigation have taken a truly international turn and have become key to compliance programs and concerns of global companies. The passing of the long awaited but far-reaching 2010 UK Bribery Act and recent high-profile cases brought by the US Department of Justice and Securities and Exchange Commission make it vital that internationally exposed businesses fully measure the scope of their liability in this respect and design and implement up-to-date and efficient compliance procedures.