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Wednesday
Aug312016

OECD Working Group wants comments about legal-person liability

The OECD Working Group on Bribery has launched an on-line consultation on liability of legal persons/corporate liability. 

The liability of legal persons is a key feature of the emerging legal infrastructure for the global economy. Without it, governments face a losing battle in the fight against foreign bribery and other complex economic crimes.

As part of its work to promote the implementation of the Anti-Bribery Convention, the OECD Working Group on Bribery (WGB) is conducting a public consultation in order to seek insights on systems for the liability of legal persons for foreign bribery.

The consultation webpage can be found here.

The WGB invites participants in this consultation to share their experiences with existing systems as well as their perspectives on how such systems could be improved.

A draft stocktaking report presents a chronology and a “mapping” of the features of the systems for liability of legal persons found in the 41 Parties to the OECD Anti-Bribery Convention. It serves as background paper to the consultation.

The consultation document provides background information on the consultation and a list of issues drawn from the draft stocktaking report. Contributors may address any or all of these issues.

Comments received will be posted on the OECD anti-corruption webpage and made available at a roundtable to be held at the OECD on International Anti-Corruption Day (9 December 2016). Contributions will also be used by the OECD Working Group on Bribery as inputs to its process of continually improving its monitoring of Parties' foreign bribery laws.

The deadline for receiving contributions is October 28, 2016.

Please send them to kathryn.gordon@oecd.org and to brooks.hickman@oecd.org.

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Established in 1994, the OECD Working Group on Bribery in International Business Transactions is responsible for monitoring the implementation and enforcement of the OECD Anti-Bribery Convention, the 2009 Recommendation on Further Combating Bribery of Foreign Bribery in International Business Transactions (2009 Anti-Bribery Recommendation), and related instruments.