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THE INTERNATIONAL ENDORSEMENT OF CORPORATE SETTLEMENTS IN FOREIGN BRIBERY CASES

Published online by Cambridge University Press:  17 September 2020

Radha Ivory
Affiliation:
Senior Lecturer, TC Beirne School of Law, University of Queensland, Australia, r.ivory@law.uq.edu.au
Tina Søreide
Affiliation:
Professor of Law and Economics, Norwegian School of Economics, Norway, tina.soreide@nhh.no
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Abstract

International anticorruption treaties create an almost universal requirement that States sanction legal persons for the crime of foreign bribery. However, the vast majority of corporate foreign bribery cases are ‘settled’ between governments and firms. Analysing key anticorruption instruments and treaty body reports, it appears there is a dearth of express rules on settlements in international law but a qualified implicit endorsement of domestic settlement laws and practices. The international regime is investigated in terms of its move towards common standards for the use of settlements, and whether recommendations are consistent with stated objectives. The analysis discloses an irony: States and international organisations fail to clearly articulate their expectations on settlements, while calling for transparent, effective and predictable domestic settlement rules.

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Articles
Copyright
Copyright © The Author(s), 2020. Published by Cambridge University Press for the British Institute of International and Comparative Law