Anti-bribery pact; corruption is target of multilateral efforts; The Convention on Combating Bribery of Foreign Public Officials has 29 signatories

Article Abstract:

The Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, which 29 member states of the Organiszation for Economic Cooperation and Development, including the US and five nonmember observers, have signed, marked the giving way of the US Foreign Corrupt Practices Act's unilateralism to an international effort. Some of the convention's signatories are are home to the main competitors of US firms. The convention imposes unprecedented duties to enact criminal laws which bar the bribery of foreign public officials for improper business advantages.

international

---

Complying with the Foreign Corrupt Practices Act: because offshore bribes will be prosecuted at home, companies must develop internal controls

Article Abstract:

Corporations should take a number of proactive steps to ensure compliance with the Foreign Corrupt Practices Act that Congress passed in 1977 in the wake of Watergate. A recent $25 million fine indicates the government's continued willingness to use the act. Companies should carefully screen both employees going overseas and potential foreign partners. They should establish a written policy and ensure the relevant employees have read and understand it. Internal controls and procedures are critical, especially overseas.

Foreign operations, International aspects, Corporations, Business ethics

---

Bills toughen standards for hiring alien workers: legislation seeks more stringent requirements for complying with employment verification rules

Article Abstract:

A trend toward stronger anti-immigration measures, evidenced by two bills in Congress, suggests counsel should help ensure their clients are conforming to the Immigration Reform and Control Act of 1986 and the Immigration and Nationality Act. The Employment Eligibility Form, or form I-9, is the most important point of compliance, and the Immigration and Naturalization Service conducts 60,000 I-9 inspections annually. Employers should make sure each form is promptly and properly completed and full records kept.

Alien labor, Foreign labor

Similar abstracts:

• Abstracts: Italy introduces rules on taxation of trusts. The new Italian provision on the fiscal residence of foreign companies - the legislator's haste and Tax Authorities' "distractions."
• Abstracts: Arbitration improves the justice system. The role of arbitration in the field of patent law. Intellectual property disputes: arbitrating the creative
• Abstracts: 'Call-back' companies scrutinized. Information superhighway is beset by local fees: efforts by municipalities to collect fees deter development of communications service
• Abstracts: Procedure for measuring damages to resources is a taint upon Superfund; CERCLA reform is futile without modification of NRD provisions imposing open-ended liabilities
• Abstracts: The impact of trade practices law on disputes involving a sports league and its member clubs. Editorial

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.