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In Anti-Corruption

Global: Latest edition of FCPA Handbook published

by 2 Mins Read

Baker McKenzie Partner Peter Tomczak has co-authored the sixth edition of The Foreign Corrupt Practices Act Handbook, a sought-after guide for in-house counsel at multinational companies seeking guidance and clarity on FCPA risks globally. The Handbook is published by the American Bar Association.
The Handbook has been fully updated and expanded, offering a comprehensive analysis of FCPA developments as updated from the previous 2018 edition, and anti-bribery and anti-corruption implications for transactions and compliance programs, offering practical guidance on how to address these issues.

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In Anti-Corruption

Colombia regulates the Leniency Program for transnational bribery and corruption

by , , , and 3 Mins Read

On 21 March 2024, the National Government issued the Decree 390 of 2024, by which it established the procedure for granting the Leniency Program in transnational bribery and corruption (“Leniency Program”) matters. Under the Leniency Program, it is possible to obtain full or partial immunity from possible sanctions for corruption and transnational bribery. In order to obtain the benefits of the Leniency Program, the company must provide relevant information on the aspects of the commission of such acts and the benefits obtained.

In Corporate Compliance

Global: Mid-Year Trade Compliance Sessions: Virtual Annual Compliance Conference

by and 3 Mins Read

Our popular Annual Compliance Conference, which attracts over 4,000 in-house senior legal and compliance professionals every year from across the world, will be taking place from 30 April – 6 June. We will be delivering our cutting-edge insights and guidance virtually on key global compliance, investigations and ethics trends.

In AML & Financial Services Regulatory

Thailand: Thai Government to dust off the Entertainment Complex Bill

by , , , , and 2 Mins Read

The Entertainment Complex Policy Parliamentary Committee has considered and endorsed the draft Entertainment Complex Bill, B.E. (“Entertainment Complex Bill”), a concept initiated many years ago. The Entertainment Complex Bill aims to facilitate the establishment of entertainment complexes that include casinos. This has been passed to the House of Representatives in March 2024.

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In AML & Financial Services Regulatory

Philippines: Issuance of implementing rules and regulations of the Public-Private Partnership Code

by and 1 Min Read

Excerpt: On 5 December 2023, the Public-Private Partnership (PPP) Code of the Philippines (“PPP Code”) was enacted into law. The PPP Code was enacted to further the State’s policy to provide an enabling environment for the private sector to mobilize its resources to finance, design, construct, operate, and maintain infrastructure or development projects and services. The PPP Code provides for, among others, (i) a unified framework for both national and local PPP projects, (ii) stricter timelines for the evaluation and approval of PPP projects, and (iii) updated thresholds and requirements for approval of national and local PPP projects.

In Antitrust / Competition

Sweden: Highlights within the Public Procurement World 2023/24

by 5 Mins Read

As of 1 January 2024, the Swedish Competition Authority will have increased authority to supervise public procurements. The powers have been adopted in order to make procurement supervision more effective.
Under the new rules, the Swedish Competition Authority may now make decisions on procurement fines without having to apply for a review of the fine in court. This presupposes, however, that the procurement did not begin before 1 January 2024.

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In Anti-Corruption

Australia: Does your company have adequate procedures in place to prevent corruption?

by 8 Mins Read

The Australian government has, after many years of deliberation, passed the Crimes Legislation Amendment (Combatting Foreign Bribery) Bill 2023 which introduces a new indictable corporate offence of failing to prevent foreign bribery.
This offence will apply where an associate of a company has committed bribery in relation to a foreign public official for the profit or gain of the company. The company will be liable unless it can establish that it has ‘adequate procedures’ in place to prevent the commission of bribery by its associates.

In Anti-Corruption

Asia Pacific: 5 Lunar New Year’s resolutions for investigations

by , , and 2 Mins Read

Investigations are an essential tool for ensuring a company’s ethical standards are being followed by employees, business partners, and any others with whom the company interacts. However, investigations are also an essential tool for demonstrating and maintaining strong corporate governance – an integral part of a company’s ESG commitments and strategy. It is also a good time to set yourself some goals and resolutions. To help you on your way, we are pleased to share our top 5 Lunar New Year Resolutions for handling Internal or Government Investigations

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