British law on corporate bribery

Mukwiri, Jonathan

doi:10.1108/jfc-12-2013-0072

Cited by 13 publications

(13 citation statements)

References 3 publications

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“…These writings unanimously stand on the same idea of corruption. Literature is replete with the necessity of laws to curtail corruption (Balasingam, 2021;Campbell, 2018;Ekwueme, 2021;Mukwiri, 2015) and prevent the proceeds of corruption's enjoyment (Greenberg & Samuel, 2009;Minefee & Bucheli, 2021;Tromme, 2019). Willebois (de Willebois & Brun, 2013) emphasised civil law remedies can complement criminal sanctions by attacking the economic base of corrupt activities.…”

Section: Literature Reviewmentioning

confidence: 99%

Recovery of Corrupt Assets via Unexplained Wealth Order

Raof

Aziz

Raof³

2021

E-BPJ

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The Unexplained Wealth Order in the United Kingdom allows the confiscation of corruptions' assets without conviction. The burden of proof lies on the asset owner to prove its legitimate source. This study addresses the applicability of the Unexplained Wealth Order in Malaysia. A qualitative methodology based on doctrinal study supported by an opinion of an academician in the United Kingdom is adopted. Analysis of the Unexplained Wealth Order is required as part of civil means to recover the proceeds of corruption in Malaysia. The study may assist the stakeholders in Malaysia in understanding the concept of the Unexplained Wealth Order. Keywords: corruption; civil mechanism; proceeds of corruption; recovery of assets eISSN: 2398-4287© 2021. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v6i17.2828

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Section: Literature Reviewmentioning

confidence: 99%

Recovery of Corrupt Assets via Unexplained Wealth Order

Raof

Aziz

Raof³

2021

E-BPJ

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“…Risk‐based due diligence must also extend to counterparties like contractors and suppliers. Overall, the Bribery Act has changed the basis for corporate criminal liability from personnel misconduct within the firm to the quality of the system governing the firm's activities (Mukwiri, 2015).…”

Section: Institutional Setting and Hypothesis Developmentmentioning

confidence: 99%

Do anti‐bribery laws reduce the cost of equity? Evidence from the UK Bribery Act 2010

Kim

Rees

Sila

2020

Business Fin & Account

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We examine the impact of the UK Bribery Act 2010 on the implied cost of equity. We find a significant reduction in the cost of equity amongst UK firms with high bribery exposure after the passage of the Bribery Act. We further show that the Bribery Act improves internal control systems and increases stock liquidity of firms with high bribery exposure. Our results suggest that more stringent antibribery regulations are not always bad for the firm. K E Y W O R D Santi-bribery law, bribery, cost of equity, information asymmetry, internal control, residual income valuation, stock liquidity

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“…Con ciertas diferencias, vinculadas principalmente a la forma como se ha incriminado esta conducta, debe ser considerado el caso del Reino Unido, donde, como señala Green (2013, p. 46), uno de los cambios más radicales relativos a la lucha contra la corrupción, a propósito de la entrada en vigencia de la Bribery Act (2010), sería la forma como se enfrenta la corrupción en el ámbito de los negocios, ya que uno de los principales objetivos de la ley sería acabar con la práctica generalizada del pago de sobornos en el marco de la competencia por la obtención de contratos y, especialmente, la práctica de competir sobre la base de que quien se adjudicaría el contrato en definitiva sería quien pueda pagar el soborno más alto. Como señala Mukwiri (2015), si tal práctica se llegara a generalizar, el "circulo de la corrupción se perpetuaría" (p. 18), lo que podría traer aparejado graves efectos al mercado.…”

Section: La Potencialidad Lesiva Propia O Específica De La Corrupciónunclassified

Corrupción entre particulares:

Varela

2019

Rev. derecho (Coquimbo, En línea)

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The phenomenon of criminalization of corruption in the private sector by considering a series of distinctions, detected in a comparative criminal law analysis, regarding the justification of its criminalization: the problem of the legal interests that may be protected through this crime. But also, by identifying a series of interpretative problems that may present as an outcome of the specific criminalization formula adopted by the legislator. In this sense, it is pretended to account for a series of difficulties associated to its criminalization, related to the possibility of emergence of some misunderstandings that may diminish the correct application of the crime, especially considering the legal interests that it pretends to protect.

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British law on corporate bribery

Cited by 13 publications

References 3 publications

Recovery of Corrupt Assets via Unexplained Wealth Order

Recovery of Corrupt Assets via Unexplained Wealth Order

Do anti‐bribery laws reduce the cost of equity? Evidence from the UK Bribery Act 2010

Corrupción entre particulares:

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