Agreement for summary entry of arbitral award in event of
default enforced - Australian court supports the flexibility of
international arbitration under the New York Convention
Introduction
"Do not bribe". These are some of the words a
company will state in its policies if it adopts a zero tolerance
attitude to bribery and corruption. But staying out of trouble with
regulators that enforce the various pieces of international
anti-corruption legislation goes far beyond words.
What is your company doing to ensure its anti-bribery and
corruption policies are believed, enforced and effective?
Australian media has recently been awash with headlines of
companies allegedly engaging in corrupt conduct both in Australia
and overseas. These companies are facing regulatory investigations,
fines and reputational damage. Also, imprisonment is a real
prospect for any individuals who are found to be involved in
corrupt conduct at any level.
