The number of global corporations implementing new policies to combat corruption when doing deals in jurisdictions such as Mexico, Columbia and Indonesia has soared.
A survey of 824 legal and compliance professionals found that 74 per cent of large companies had whistleblowing procedures, up from 42 per cent in 2006.
Of the respondents 30 per cent said the risk of corruption had deterred them from doing business in specific countries and 41 per cent said they had pulled out of a deal in which they had already invested time and money.
The threat of corruption during transactions was the focus of The Lawyer Litigation Top 50 report last year, which revealed that a growth in regulation and investigations was driving major change in litigation practices.
It will also be one of the many topics discussed by litigation experts at The Lawyer’s Managing Risk and Mitigating Litigation event on 1 December.
To register your interest in the event, please click here.
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