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As for the Dutch part. The Dutch daughter companies paid the bribes, which is illegal under Dutch law and this is a settlement with the Dutch Public Prosecutor.
by himlion 9y ago
As for the Dutch part. The Dutch daughter companies paid the bribes, which is illegal under Dutch law and this is a settlement with the Dutch Public Prosecutor. Uzbekistan should separately recover that money from the Karimov family.
- keldaris 9y agoWhenever I see these types of laws actually being applied, I wonder why the companies involved don't just outsource the payments to subsidiaries in jurisdictions that don't have (or don't enforce, which is most of them) such laws. Are there any specific legal barriers to that?
- IkmoIkmo 9y agoDutch legal system is often chosen because you don't want to be a counterparty to an agreement in a shitty jurisdiction. Typically companies worry more about their counterparty screwing (e.g. not delivering, delivering late, delivering low quality, or not paying, paying late or paying too little) them than the government. You can't have your cake and eat it too. Jurisdictions that turn a blind eye to bribery indicate strong levels of corruption, which means you're vulnerable to your contract not being honoured by your partner and being unable to enforce penalties.
- skrebbel 9y ago> Uzbekistan should separately recover that money from the Karimov family. I'm not sure you appreciate the extent to which the Karimov family are the state of Uzbekistan.