Sandra Maria Jim, BA LLB, Symbiosis International University
ABSTRACT
This paper explores the complex issue of financial corruption in international commercial law, focusing on the prevalence of corruption in international commercial contracts, and the efforts to combat it through international legal frameworks such as the UNCAC and OECD Anti-Bribery Convention. The paper also investigates the interplay between extraterritorial powers, economic/cultural factors, and corruption in international business, and how this relationship can be leveraged to reduce corruption. Additionally, the paper examines the interdependence between antecedents and consequences of corruption in international business, and the need for a comprehensive approach to tackling this pervasive problem. Ultimately, the paper concludes by emphasizing the importance of continued efforts to combat financial corruption in international commercial law, and the need for cooperation between governments, businesses, and other stakeholders to ensure a level playing field for all participants in the global marketplace.
Keywords: International, Corruption, Public Officials, Economic, Culture
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