FCPA and TCA: Introducing the Presumptions of Final Judgment and Joint Investigation
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Redalyc
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| Natura: | Artículo científico |
| Lingua: | en |
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Universidad del Norte
2019
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| _version_ | 1876454356601012224 |
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| author | JAVIER CORONADO DÍAZ |
| author_facet | JAVIER CORONADO DÍAZ |
| contents | FCPA and TCA: Introducing the Presumptions of Final Judgment and Joint Investigation JAVIER CORONADO DÍAZ Derecho Corporate Liability International Corruption Transnational Corruption Act Foreign Corruption Practices Act (FCPA) On February 2, 2016, the Congress of Colombia passed the Transnational Corruption Act ("TCA") in an effort to fight international corruption like the Foreign Corruption Practices Act ("FCPA") does in U.S. This paper explains why TCA and FCPA define different legal standards for corporate liability. It also explains how these differences increase economic costs for legal entities doing business in Colombia and U.S. Against this backdrop, this paper suggests the implementation of one universal set of anti-corruption rules. However, based on the unlikeliness of achieving such an international consensus, it also suggests that law enforcement agencies enforce anti-bribery statutes such as the TCA and FCPA under certain rebuttable presumptions. 2019 artículo científico 0121-8697 https://www.redalyc.org/articulo.oa?id=85164002011 https://www.redalyc.org/journal/851/85164002011/ https://www.redalyc.org/journal/851/85164002011/html/ https://www.redalyc.org/journal/851/85164002011/85164002011.epub https://www.redalyc.org/journal/851/85164002011/movil en http://www.redalyc.org/revista.oa?id=851 Revista de Derecho application/pdf Universidad del Norte Revista de Derecho (Colombia) Num.52 |
| format | Artículo científico |
| id | redalyc_85164002011 |
| institution | Redalyc |
| language | en |
| publishDate | 2019 |
| publisher | Universidad del Norte |
| spellingShingle | FCPA and TCA: Introducing the Presumptions of Final Judgment and Joint Investigation JAVIER CORONADO DÍAZ Derecho Corporate Liability International Corruption Transnational Corruption Act Foreign Corruption Practices Act (FCPA) FCPA and TCA: Introducing the Presumptions of Final Judgment and Joint Investigation JAVIER CORONADO DÍAZ Derecho Corporate Liability International Corruption Transnational Corruption Act Foreign Corruption Practices Act (FCPA) On February 2, 2016, the Congress of Colombia passed the Transnational Corruption Act ("TCA") in an effort to fight international corruption like the Foreign Corruption Practices Act ("FCPA") does in U.S. This paper explains why TCA and FCPA define different legal standards for corporate liability. It also explains how these differences increase economic costs for legal entities doing business in Colombia and U.S. Against this backdrop, this paper suggests the implementation of one universal set of anti-corruption rules. However, based on the unlikeliness of achieving such an international consensus, it also suggests that law enforcement agencies enforce anti-bribery statutes such as the TCA and FCPA under certain rebuttable presumptions. 2019 artículo científico 0121-8697 https://www.redalyc.org/articulo.oa?id=85164002011 https://www.redalyc.org/journal/851/85164002011/ https://www.redalyc.org/journal/851/85164002011/html/ https://www.redalyc.org/journal/851/85164002011/85164002011.epub https://www.redalyc.org/journal/851/85164002011/movil en http://www.redalyc.org/revista.oa?id=851 Revista de Derecho application/pdf Universidad del Norte Revista de Derecho (Colombia) Num.52 |
| title | FCPA and TCA: Introducing the Presumptions of Final Judgment and Joint Investigation |
| topic | Derecho Corporate Liability International Corruption Transnational Corruption Act Foreign Corruption Practices Act (FCPA) |
| url | https://www.redalyc.org/articulo.oa?id=85164002011 https://www.redalyc.org/journal/851/85164002011/ https://www.redalyc.org/journal/851/85164002011/html/ https://www.redalyc.org/journal/851/85164002011/85164002011.epub https://www.redalyc.org/journal/851/85164002011/movil |