ANALYSIS OF ANTI- CORRUPTION AND BRIBERY LAWS IN INTERNATIONAL COMMERCIAL LAW – INDIA, UNITED KINDGDOM AND UNITED STATES OF AMERICA
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https://doi.org/10.55662/Abstract
Anti-Corruption and Bribery Laws in the context of domestic, and international law is of great importance. These laws ensure practices of fair trade, and aim to curb practices involving ‘under-the-table’ passing of gifts and money. In the current globalized world, where business and corporate transactions are boundary-less, the importance of these laws become of great essence. Most countries have their own Anti-Corruption and Bribery laws and these laws are gaining recognition in international forums such as the United Nations as well. This paper will aim to produce a comparative analysis of the Anti-Corruption and Bribery Laws of India, United Kingdom and the United States of America in terms of their scope, jurisdiction, strict sanctions and punishments, potential parties concerned etc. This paper will aim to analyse whether strict Anti-Corruption Regulations deter acts of bribery in the international context. This paper will also to aim to analyse whether an extremely strict regulation governing Bribery acts as a deterrent, or makes it unreasonable to follow in its entirety. To understand how the Anti-Corruption and Bribery laws of United Kingdom, India and the United States of America are similar or different in terms of their strictness, an analysis of the legislations in the said countries regulating these practices must be done. This paper will also analyse two widely popular cases in the world of international commercial law, that will show the way in which Anti-Bribery and Corruption cases are decided and looked down upon.
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