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ICC Rules of Conduct to Combat Extortion and Bribery in International Business Transactions

Title
ICC Rules of Conduct to Combat Extortion and Bribery in International Business Transactions
Content

ICC Rules of Conduct to Combat Extortion and Bribery in International Business Transactions

Basic Rules

Article 1: Extortion

No one may, directly or indirectly, demand or accept a bribe.

Article 2: Bribery and "Kickbacks"

a.) No enterprise may, directly or indirectly, offer or give a bribe and any demands for such a bribe must be rejected.

b.) Enterprises should not

(i)

kick back any portion of a contract payment to employees of the other contracting party, or

(ii)

utilize other techniques, such as subcontracts, purchase orders or consulting agreements, to channel payments to government officials, to employees of the other contracting party, their relatives or business associates.

[...]

Referring Principles
Trans-Lex Principle: IV.7.2 - Invalidity of contract due to bribery
A project of CENTRAL, University of Cologne.