Left Out of the Bargain: Settlements in Foreign Bribery Cases and Implications for Asset Recovery

Jacinta Anyango Oduor, Francisca M. U. Fernando, Agustin Flah, Dorothee Gottwald, Jeanne M. Dorothee, Marianne Mathias, Ji Won Park and Oliver Stolpe

No 16271 in World Bank Publications - Books from The World Bank Group

Abstract: Over the past decade, countries have increasingly used settlements—that is, any procedure short of a full trial—to conclude foreign bribery cases and have imposed billions in monetary sanctions. There exists a gap in knowledge, however, regarding settlement practices around the world and the disposition of these monetary sanctions—notably through the lens of recovery of stolen assets. Left Out of the Bargain , a study by the Stolen Asset RecoveryInitiative (StAR), provides an overview of settlement practices by civil and common law countries that have been active in the fight against foreign bribery.

Keywords: Finance; and; Financial; Sector; Development-Anti-Money; Laundering; Law; and; Development-Arbitration; Law; and; Development-Corruption; &; Anticorruption; Law; Law; and; Development-Settlement; of; Investment; Disputes (search for similar items in EconPapers)
Date: 2014
ISBN: 978-1-4648-0086-3
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Persistent link: https://EconPapers.repec.org/RePEc:wbk:wbpubs:16271

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