IBA Anti-Corruption Committee launches Project Roll Out to support new OECD anti-bribery compliance guidelines
Following the publication of the Organisation for Economic Co-operation and Development (OECD)’s guidance on compliance with anti-bribery laws, a subcommittee of the International Bar Association (IBA)’s Anti-Corruption Committee has commenced Project Roll Out. The aim of the initiative is to support broadening the understanding and implementation of the new OECD guidelines.
As part of the programme, the IBA’s Non-trial Resolutions of Bribery Cases Subcommittee will organise conferences on the many facets of the guidelines, including the framework for non-trial resolutions, incentives for compliance, mutual assistance, data protection laws and non bis idem.
Drago Kos, Chairman of the OECD Working Group on Bribery announced the adoption of the new guidance at an IBA event in New York, saying: ‘The International Bar Association brought a key perspective to our discussions, helping us write a set of guidelines that will create a new dynamic in the investigation and prevention of foreign bribery.’
A key goal of the OECD guidance, the revised Recommendation of the Council for OECD Legal Instruments Further Combating Bribery of Foreign Public Officials in International Business Transactions, is to make negotiated settlements of international bribery cases easier to accomplish and more common, and to have a significant effect on the investigation, prosecution, and resolution of international bribery cases. Among other things, the guidance includes direction on the use of non-trial resolutions (NTRs). More than 80 per cent of foreign bribery cases are now resolved through negotiated settlements or NTRs. This percentage is growing as more countries accept, formally or informally, the desirability of resolving complex and costly investigations through these mechanisms.
Peter Solmssen, Chair of the Non-trial Resolutions of Bribery Cases Subcommittee commented: ‘This is a significant improvement in the cooperation among nations and between prosecutors and the private bar that will make a big difference in the fight against foreign bribery.’
Kara Brockmeyer, Vice-Chair of the Subcommittee added: ‘For the first time, the OECD has established a global framework for the use of NTRs. Increased harmonisation and clarity in the resolution of international bribery cases enables the private sector to engage more effectively with governments, and governments to work more effectively together.’
The new OECD guidelines follow the publication of the 2018 IBA report, Structured Settlements for Corruption Offences Towards Global Standards? – the outcome of a global two-year project with contributions from 66 countries, which mapped regulations and best practices regarding settlements in foreign bribery cases.
Notes to the Editor
- Project Roll Out is an IBA initiative designed to support the implementation of the new OECD anti-bribery compliance guidelines.
- Click here to download the revised Recommendation of the Council for OECD Legal Instruments Further Combating Bribery of Foreign Public Officials in International Business Transactions
- Related material:
- The IBA Anti-Corruption Committee provides an international forum for private and public-sector practitioners to meet and discuss anti-corruption laws, compliance practices, enforcement trends and asset recovery issues.
- The International Bar Association (IBA), the global voice of the legal profession, is the foremost organisation for international legal practitioners, bar associations and law societies. Established in 1947, shortly after the creation of the United Nations, it was born out of the conviction that an organisation made up of the world's bar associations could contribute to global stability and peace through the administration of justice.
The IBA acts as a connector, enabler, and influencer, for fair practice and accountability worldwide. The IBA has collaborated on a broad range of ground-breaking, international projects with the United Nations, the European Parliament, the Council of Europe, The Commonwealth, the Organisation for Economic Co-operation and Development (OECD), the World Trade Organization, the International Monetary Fund and the World Bank, among others.
- Find the IBA and IBAHRI on social media here::
Please direct enquiries/interview requests to:
Romana St. Matthew - Daniel
International Bar Association
5 Chancery Lane
London WC2A 1LG
Mobile: +31 (0) 70 737 0686
Direct Line: +44 (0)20 7842 0094
Main Office: +44 (0)20 7842 0090
Fax: +44 (0)20 7842 0091
Website page link for this news release:
Short link: tinyurl.com/ycyfjwts