How To Get A Pass When A Corruption Problem Occurs
June 17, 2013, 12:28 PM EDT
Law360, New York (June 17, 2013, 12:28 PM EDT) -- Bribes happen — unfortunately, all the time. Somewhere in the world, an employee of an overseas subsidiary, partner in a joint venture, local sales agent or other business partner is paying a bribe to win business. The World Bank estimates that there is at least $1 trillion of corruption every year — almost $3 billion in bribes paid every single day.
Given the reality of the international business world today, even the most ethical companies can face the prospect of an improper payment being made within...