DLA Piper launched the multijurisdictional guide “Global bribery offenses”, an overview of anti-bribery and corruption legislation in a broad range of countries across the world and a comprehensive starting point for business operating on a global scale in understanding the various legislative regimes to which they are subject. In this respect, the guide is available here for download and allows businesses to adopt an informed approach to identifying and evaluating bribery risk and implementing effective compliance systems.

The Romanian chapter, which can be found here, is authored by Alexandru Arjoca, Counsel in the DLA Piper local office, and offers an up-to-date perspective of the field which will incur, at least at declarative level, amendments throughout next year: „This guide reflects a summary of up-to-date anti-corruption regulations. In the context of the recent adoption, on 17 December, of the National Anticorruption Strategy for 2021-2025, as well as the background of the press statements of the Minister of Justice on the occasion of its adoption by the Romanian Government, the legislation in the field is expected to receive modifications throughout 2022, in order to combat the proliferation of this phenomenon and to facilitate Romania’s accession to the Organization for Economic Co-operation and Development (OECD).”

Globalization gives companies a truly international footprint, which implies opportunities, but also new risks, such as those related to compliance with local anti-bribery and corruption legislation. Improved standards in identifying bribery and international crime have provided a background for the business community to effectively manage the risks associated with this phenomenon. Thus, anti-corruption commitments are also reflected in the growing number (currently 44) of the signatory countries to the Convention on Economic Co-operation and Development (OECD), more than 20 years after the publication of the original text.

The Global bribery offenses guide is a must-read for those who want to learn more about the scope of anti-corruption laws around the world. If you have any questions or would like further information on corruption issues in any of the jurisdictions presented, please contact the DLA Piper office in Bucharest.

About DLA Piper

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa and Asia Pacific, positioning us to help clients with their legal needs around the world.