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As of 1 January 2013, a new anti-bribery regime will be effective in Austria. The amendments of the Austrian Criminal Penal Code (Strafgesetzbuch) basically broa-den and intensify the prosecution of corrupt behaviour and strengthen Austria's fight against bribery. The following summary outlines the the updated approach to com-batting bribery and bribery-related offences in the amended Korruptionsstra-frechtsänderungsgesetz 2012 (Federal Law Gazette No I 61/2012).
A practical cross-border insight into business crime
Published by Global Legal Group, in association with CDR, with contributions from: Schoenherr
Being a victim of a cybercrime attack not only has a negative impact on the image of the hacked company but may also lead to damage claims against the company.
Last week the UK Government issued its Guidance on the application of the UK Bribery Act 2010, which will come into force on 1 July 2011.
The success of a new leniency regime, as provided for in the Austrian Criminal Code as of 1 January 2011, will depend on whether it gives the whistleblower sufficient incentives to present themselves to the public prosecutor, and whether the regulation offers a high level of predictability for those involved in the case. A number of objections have been raised against the draft version.