OECD Convention on Combating Bribery of Foreign Officials in International Bnsiness Transactions

OECD Convention on Combating Bribery of Foreign Officials in International Bnsiness Transactions Keywords: bribery in international business transactions, Organisation for Economic Co- operation and Development, UN Commission on Crime Prevention and Criminal Justice, U.S. Foreign Corrupt Practices Act Under the auspices of the Organisation for Economic Co-operation and De- velopment (OECD), 33 countries signed the Convention on Combating Bribery of Foreign Officials in International Business Transactions in December 1997. � In addition to 28 OECD member States,2 Argentina, Brazil, Bulgaria, Chile, and the Slovak Republic signed this Convention. Part I. OECD initiatives to fight corruption and hribery in international business Over the years, the fight against corruption has been the focus of various activities and efforts of the OECD. Since 1990, the Committee on Inter- national Investment and Multinational Enterprises (CIME) and its Working Group on Bribery in International Business Transactions ("OECD Working Group") have worked on this topic. CIME, mandated by the OECD Council, prepared a study on the feasibility of co-operation among Member States to fight against corruption. Based upon the work of CIME, the OECD Council adopted the 1994 Recommendation on Bribery in International Business Transactions,3 callingupon OECD Members to combat illicit payments in international investment and trade. The 1994 Recommendation was revised and replaced by the Coun- http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Austrian Review of International and European Law Online Brill

OECD Convention on Combating Bribery of Foreign Officials in International Bnsiness Transactions

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Martinus Nijhoff
Copyright 1999 by Koninklijke Brill NV, Leiden, The Netherlands
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