Anti-Corruption Practices

 

On 1 February 2012 the President signed Federal Law No. 3-FZ “On the Accession of the Russian Federation to the Convention on Combating Bribery of Foreign Public Officials in International Business Transactions” (the “Law”).

The Convention was approved by the Organization for Economic Co-operation and Development (“OECD”) on 21 November 1997. The Convention is designed to promote international co-operation in combating bribery of public officials and encouraging international competition.

In particular, the Convention legally defines the offense of “bribery of a foreign public official” and clarifies the notion of “foreign public official”. The provisions of the Russian Criminal Code have recently been adjusted in accordance with these terms of the Convention (please see o