The first of a series of live discussions featuring members of The Times Law Panel.
Arnondo Chakrabarti and Louise Delahunty were joined by John Higgins, a partner at PricewaterhouseCoopers, to discuss recent legal developments in the fight against corporate bribery and corruption.
Over the past decade, there has been a push — led by authorities in the US — to stamp out bribes paid by companies in foreign countries. Last year Siemens, the electronics group, paid more than €1 billion in fines to German and American authorities after a long-running investigation exposed a culture of bribery.
Britain has been criticised for inaction in tackling corporate corruption, particularly after the Serious Fraud Office, under pressure from Downing Street, dropped a high-profile probe into BAE Systems' arms sales to Saudi Arabia. However, in March the Government proposed tough new laws to replace the patchwork of existing anti-corruption statutes.
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