Practice Alert: Russia expands corporate liability for bribery
Tom Firestone and Roman Butenko
January 2, 2019
As previously reported, Russia recently amended its corporate bribery statute (Article 19.28 of the Code of Administrative Violations) to allow companies to avoid prosecution if they assist in the discovery or investigation of the offense or if they can prove that the bribe was extorted.
The same amendment also allowed courts to preliminarily freeze the property of companies under investigation up to the maximum amount of the fine.
On December 27, President Putin signed another amendment to 19.28 which will, this time, significantly expand the scope of corporate liability for bribery.… Continue Reading
