In a previous post, we discussed the importance of considering anti-corruption and bribery risks when engaging in international transactions. In connection with the OECD Convention on Combatting Bribery of Foreign Public Officials in International Business Transactions, Canada, the US and the UK, as well as an increasing number of legislatures around the world have implemented legislation forbidding the transfer of benefits for the purpose of influencing foreign officials. Companies charged under the Canadian Corruption of Foreign Public Officials Act (CFPOA) are criminally prosecuted, and can be forced to pay unlimited fines in addition to suffering irreparable reputational … Continue Reading
Embarking on an international M&A transaction can be an exhilarating time for any company, although there are a host of business and legal issues involved in choosing an appropriate target. One issue that often gets overlooked is the target company’s anti-corruption and bribery practices. As Canadian companies continue to grab up international market space, they must be wary of the hidden practices of their partnering company.
Why consider anti-corruption and bribery practices?
According to a PricewaterhouseCoopers article, an increasing number of Canadian companies are looking overseas for expansion opportunities. In fact, 40% of Canadian CEOs see their growth coming from … Continue Reading