Insight
Australia to consider a Modern Slavery Act
This article was written by Sally Audeyev, Monique Carroll and Elouise Davis.
10 April 2017
Given the extra-territorial nature of foreign bribery laws, eye-watering fines levied by regulatory authorities across the globe and the threat of criminal prosecution, it is clear that bribery and corruption are no longer risks that can be ignored.
Preventing bribery and corruption has become increasingly critical as corporates undertake more business in developing regions and regulatory authorities enhance their focus. To reduce risk whilst maximising your business opportunities, you need a team which understands local practices in high-risk jurisdictions. Our global reach allows us to stay abreast of local statutes and their application without losing sight of how they fit into the global regulatory framework.
It makes sense to partner with someone who understands the need to achieve the balance of clear strategy and risk minimisation and has practical solutions at hand.
Mallesons advises clients on proactively managing and responding to their bribery and corruption risks. We do this by providing a range of bespoke services on an international level across all business sectors. Our expertise covers the entire spectrum of ABC issues, from initial corporate and due diligence advice through to investigations (internal and external) and enforcement.
Market highlights
- Australian resources company: in respect of corruption allegations against its African joint venture partner.
- Major financial institution and its board: in relation to an AFP investigation into the conduct of a former senior employee.
- Australian-headquartered corporate client: in a joint FBI and AFP investigation into bribery and corruption allegations.
- ASX-listed technology company: in developing a comprehensive anti-corruption risk assessment of its business operations across the Asia Pacific region, including enhancing existing policies and implementing new procedures.
- Australian agribusiness client: in transactional and structuring advice of its operations in Africa to comply with bribery and corruption risk.
- Various clients: conducting due diligence in connection with mergers and acquisitions.
