Amid Odebrecht fallout, Peru enacts world-class anti-bribery law.

Amid Odebrecht fallout, Peru enacts world-class anti-bribery law.

Peru welcomed the new year by enacting into force Law 30424, which introduces corporate criminal liability applicable to bribery. Peruvian law now recognizes the independent criminal liability of a legal person for local and foreign bribery, imposing sanctions ranging from fines, debarment from government contracting to dissolution of the legal entity. This is aligned with the U.S. standard of respondeat superior applicable to the FCPA and other offenses, in that corporate entities face criminal liability for…
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