We point the compass north in what has become "comparative law week" here at the blog and take a look at Canada's "FCPA-like" domestic statute - the Corruption of Foreign Public Officials Act ("CFPOA").
Saddle up, the Royal Canadian Mounted Police "have established a special unit dedicated to investigating international bribery and enforcing the CFPOA" according to a Canadian law firm which recently released a bulletin titled "Canada's Corruption of Foreign Public Officials Act: What You Need to Know and Why" (see here).
The bulletin is an informative read and "provides an introduction to the CFPOA, contrasts it with the anti-bribery provisions of the FCPA, and provides a brief update on recent developments in Canada."
According to the bulletin, an amendment to CFPOA was recently introduced to provide for extraterritorial jurisdiction much like 78dd-1(g) and 78dd-2(i) provide for U.S. issuers and domestic concerns.
The authors note that "[w]hile the CFPOA has been in force for a decade, it is only recently that it has been the subject of minimal enforcement efforts by Canadian authorities." However, the authors predict, "this is likely to change in the future."
Saddle up, the Royal Canadian Mounted Police "have established a special unit dedicated to investigating international bribery and enforcing the CFPOA" according to a Canadian law firm which recently released a bulletin titled "Canada's Corruption of Foreign Public Officials Act: What You Need to Know and Why" (see here).
The bulletin is an informative read and "provides an introduction to the CFPOA, contrasts it with the anti-bribery provisions of the FCPA, and provides a brief update on recent developments in Canada."
According to the bulletin, an amendment to CFPOA was recently introduced to provide for extraterritorial jurisdiction much like 78dd-1(g) and 78dd-2(i) provide for U.S. issuers and domestic concerns.
The authors note that "[w]hile the CFPOA has been in force for a decade, it is only recently that it has been the subject of minimal enforcement efforts by Canadian authorities." However, the authors predict, "this is likely to change in the future."
Post Title
→North of the Border
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→https://manufacturing-holdings.blogspot.com/2009/09/north-of-border.html
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