Sunday, November 20, 2016
Baker McKenzie reports on New French U.S.-Style Anti-Corruption System To Combat Bribery and Corruption
After considerable debate, France adopted its new Law on Transparency, the Fight against Corruption and Modernization of Economic Life, on November 8, 2016 (the “Law”). This Law represents a reaction to international pressure brought to bear against the French government for its perceived laissez-faireenforcement towards corruption, and a response to severe sanctions imposed by the U.S. Department of Justice (“DOJ”) on French companies in recent years. The French Minister of Finance, Michel Sapin (after whom the Law has been nicknamed the “Sapin II” Law), has indicated that the adoption of the Law will bring France’s anti-corruption regime up to the highest European and international standards in its fight against corruption.