Ukraine introduces criminal liability of businesses - .PDF file.
On 1 September 2014, criminal liability of legal entities will be introduced in Ukraine. The president of Ukraine signed a relevant law, under which amendments to the Criminal Code and the Criminal Procedure Code of Ukraine come into effect.
Criminal liability arises if an authorised person (such as a director or other persons entitled to act on behalf of a legal entity) commits any of the following offences on behalf of and for the benefit of a legal entity: legalisation (laundering) of the proceeds of crime; use of funds resulting from illicit traffic of drugs, psychotropic substances, precursors, toxic or potent substances or toxic or potent medicines; bribing of the officials of other legal entities or persons engaged in professional public services, such as auditors, appraisers, notaries or arbitrators; or offering or giving undue advantage to an official, or undue influence…
If you are registered and logged in to the site, click on the link below to read the rest of the DLA Piper briefing. If not, please register or sign in with your details below.