Kuwait Paves the Road to Fighting Corruption
Type
E-journal
Date
24 Jan 2017
Jurisdiction
Kuwait
Taxonomy
Financial & Business Offences
Copyright
LexisNexis
Relevant company
Al Tamimi & Company
Legal reference
Kuwait Decree No. 77/2015, Kuwait Law No. 116/2013, Kuwait Law No. 2/2016, Kuwait Law No. 31/1970, Kuwait Law No. 47/2006
Analysis
Corruption is generally deemed one of the most eminent enemies of international trade. Where corruption runs unbridled, fair players are often prevented from accessing the market, leading to a diminished business climate, risking public trust and in expelling performance and quality. The international community has prioritised the focus on corruption in attempts to tackle this problem since the mid-1990s. Numerous policies have proliferated from the movement since, establishing ‘anti-corruption' as a new, independent branch of law. At the summit of this composite regime are numerous international conventions that have been ratified by many of the world's leading industrial nations in a bid to ‘combatting corruption'.