Revised anti-bribery and corruption law – Increased duties for companies and boards of Directors

On July 1, 2016 revised rules on anti-bribery and corruption law entered into force in Switzerland. The revisions aim at improving the basis to combat corruption in the business sector (so-called private sector bribery). Notably, individuals and companies may be punished cumulatively. Under the new rules, companies and their boards should take appropriate internal measures to prevent private sector bribery.