SWISS CORRUPTION CASE SHOWS THAT CORPORATE CRIMINAL LAW IS A WOLF IN SHEEP’S CLOTHING

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Friday, June 1, 2012
Author: 
Michael Hess, Roland M. Ryser
Volume: 
28
Issue: 
6
Abstract: 
  In a Swiss criminal investigation into bribery offences committed abroad, Alstom accepted heavy sanctions ordered by the federal prosecutor’s office. Following the conviction of a Swiss financial institution for money-laundering, this is the second case in which Swiss corporate criminal law – until recently considered fairly harmless – has bared its teeth. These cases should spur companies into reviewing their compliance systems.