Parliament adopted Draft Law #11443 “On Amendments to the Criminal Code of Ukraine, the Criminal Procedure Code of Ukraine, and Other Legislative Acts of Ukraine to Bring Legal Entities' Liability for Corruption Criminal Offenses in Line with International Standards” (Draft Law) in the second reading.
The adoption of the Draft Law by the Parliament ensures that Ukraine fulfills its obligations to implement the Recommendation of the Organization for Economic Co-operation and Development (OECD) on further combating bribery of foreign officials in international business transactions and introduces an effective mechanism for bringing legal entities to justice that will comply with the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
AmCham Ukraine member companies’ experts provided comments and suggestions to the Draft Law, part of which were taken into account in the final version of the Draft Law.
AmCham Ukraine is grateful to the AmCham Ukraine member companies’ experts for their professional expert support at the stage of working on the Law, and will be involved in its further improvement.
