Today, Russia becomes the 39th party to the Organisation for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions (the OECD Anti-Bribery Convention). This represents a major milestone for Russia in upholding international anti-bribery standards and marks another step forward for the G-20 Anti-Corruption Action Plan.
To commemorate the occasion, the International Bar Association (IBA), in collaboration with the OECD and the United Nations Office on Drugs and Crime (UNODC) is conducting an anti-corruption workshop in Moscow for legal professionals.
Nicola Bonucci, Co-Chair of the IBA Anti-Corruption Committee and Director for Legal Affairs at the OECD, commented: ‘On the day of Russia becoming the 39th party to the OECD Anti-Bribery Convention it is more than appropriate to raise the awareness of the legal profession on the new legal framework in Russia.’ He added, ‘The IBA/OECD/UNDOC Anti-Corruption Strategy workshop taking place in Moscow today allows Russian lawyers to engage with foreign experts on challenges faced by the legal professions when advising on international business transactions.’
Recognised as the world’s seventh largest economy by purchasing parity power, Russia experiences high levels of corruption that hamper domestic and foreign investor confidence. Since February 2009, the OECD Working Group on Bribery has collaborated with Russian officials to improve and strengthen Russia’s legal framework against bribery of foreign officials. Russia criminalised foreign bribery in May 2011.
The training workshop, being conducted as part of the IBA/OECD/UNODC Anti-Corruption Strategy for the Legal Profession project, is supported by the Russian Ministry of Justice. The training focuses on the role of lawyers in international corruption, how international instruments and extraterritorial legislation apply to the legal practice, and how international regulatory framework is gradually reducing the avenues used to accommodate corruption. Further information about the project can be found via the IBA website. www.anticorruptionstrategy.org
For further information please contact:
Romana St. Matthew - Daniel
International Bar Association
4th Floor, 10 St Bride Street,
London EC4 4AD
Mobile: +44 (0)7940 731 915
Direct Line: +44 (0)20 7842 0094
Main Office: +44 (0)20 7842 0090
Fax:+44 (0)20 7842 0091
On 25 May 2011, the OECD invited Russia to join the Working Group on Bribery and become a party to the OECD Anti-Bribery Convention. Russia acceded to the convention on 17 February 2012, which entered into force on 17 April 2012. (www.oecd.org/bribery/russia)
Click here for information about the workshop in Moscow (the agenda and country brief, which details the anti-corruption framework in Russia).
Nicola Bonucci– Director of Legal Affrairs, Organisation for Economic and Cultural Development (OECD), Paris;
Gonzalo Guzmán– Head of Legal Projects, International Bar Association, London;
Glenn A Fine – Partner, Dechert Washington DC;
Nigel Layton – Director KPMG Forensic, London; and
Gareth Austin– Anti-Bribery Compliance Manager Europe & the Americas, Eni SpA, London.
Alexander Fedorov– First Deputy Minister, Russian Ministry of Justice, Moscow; and
Kristofor Ivanyan– Partner, Ivanyan and Partners, Moscow.
About the OECD Anti-Bribery Convention and the initiative to raise global awareness of foreign bribery
The OECD Anti-Bribery Convention, which entered into force in 1999, outlaws the bribery of foreign public officials in international business transactions. Through country monitoring and extensive peer-led follow-up, the Convention seeks to ensure that the fight against bribery is effective, thus creating a level playing field for fair competition. The 34 OECD member countries plus Argentina, Brazil, Bulgaria, Russia, and South Africa are Parties to the Convention. (www.oecd.org/bribery)
About the International Bar association
The global voice of the legal profession
The International Bar Association (IBA), established in 1947, is the world’s leading organisation of international legal practitioners, bar associations and law societies. Its membership includes over 40,000 lawyers and almost 200 bar associations and law societies spanning every continent. The IBA influences the development of international law reform and shapes the future of the legal profession throughout the world.