International aspects of business law Essay Example | Topics and Well Written Essays - 2500 words

International aspects of business law - Essay Example There are three categories of corruption cases, which can be political, personal or commercial in nature, but the basic difference lies in the office, authority and position, which are neglected, and intent of manipulations. Further there is political corruption, which may include bribery, use of governmental offices for private enrichment and changing of how decisions are made by public bodies (Heidenheimer, Johnston and Le Vine 1989). On the other hand, bribery is an act of corruption that entails obtaining money or any form of monetary gain, or the making of payments illegally through abuse of public or commercial office and funds. This payment does not necessarily involve the exchange of money, but can also be through gifts, special favours or influence and despite the form it takes, corruption is always a transaction that goes in two ways involving two parties that is the briber and the one who receives the bribe. In relation to the case study Mullet Inc. though incorporated in US intends to secure a contract to supply computers to Central Bank of Acacia, however it is faced with the challenge of contravening international business laws on corruption and bribery by giving the board of directors a celebratory dinner for it to secure the contract. The payment of this dinner is a form of bribery to the board members by the negotiating team for them to accept to continue and finalize the business contract. This paper will seek to advise the Mullet Inc. negotiating team of their legal liabilities by giving in to the Chairman of the Acacia bank demands under US FCPA in comparison to the UK Bribery Act. The U.S. Foreign Corrupt Practices Act This Act of 1977 outlaws American corporations from making any payment deemed as bribery or inducements to overseas representatives with the intent of winning or keeping business (U.S. Department of Commerce 2004). This statute was enacted to put a stop to the act of bribing officials from foreign countries as well as restori ng the confidence of the American investor in the integrity of the American business system and, has been amended twice in 1988 and in 1998 with the changing dynamics in businesses (Rutchfield and Lacey 2000). The U.K. Bribery Act 2010 Studies by independent audit firms such as Ernst & Young and Confronting Corruption show that firms and businesses in the United Kingdom have been making tremendous losses due to corruption and bribery. These are termed as barriers to growth and trade and overseas corruption makes it even harder and expensive do businesses abroad. The United Kingdom government has therefore strengthened its laws by enacting the Bribery Act 2010 that came into operation on July 1, 2011 creating a number of offences relating to corruption in international businesses. This law outlawed the bribing of a foreign official, giving, or promising an advantage when dealing with international business transactions (De Jonge 2011, p. 136). The U.K. Bribery Act 2010 also created a n offence of acceptance, demanding, or assenting to receive an advantage or benefit or failing to stop a bribe from being paid on behalf of a firm or a company. Case Study Analysis of the Celebratory Dinner Request under UK Bribery Act and FCPA Public/private sector The FCPA prohibits giving of bribery only to foreign public officials; on the other

Explore one persons relationship with a public space Essay

Explore one persons relationship with a public space - Essay Example He attends the national stadium at least once every weekend as part of his leisure activities. The national stadium is a place where crowds of people frequent especially when there are national matches during the sports season. To conduct an interview with Mr. Williamson, I started by creating a rapport with him. After identifying him, I approached him and after a short familiarization, I talked him about the purpose of my interview. I assured him that the interview was meant only for learning purpose and not for any other malicious reason. It is after this assurance that he expressed his willingness to answer my question. The main purpose of my interview was to investigate Mr. Williamson’s relationship with the public space. I intended to know the extent to which he associated with this physical space and the role this adventure played in his life. To obtain more information, I preferred to use open-ended question to give him the freedom give the interview a direction. I leant that the national stadium is one place that he visits more frequent than all other places. For the last years, he had not failed to visit this place for at least once on a weekend. He had strong connection for this place and he expressed that he did not have any plans to stop attending the place. One of the reasons why Williamson likes to visit this place is because he is a strong fan of football. I learnt that football is one Williamson’s favorite hobby and since the stadium offers an opportunity for him to have a live view of the national team playing, he finds it an exciting place to visit. Therefore, his visit there is part of fulfilling his hobby. Williamson’s desire for football started a long time ago when he was still a small child. He described the moments that he spent playing football and his participation in the school team. In the previous company that he had worked, they had a football team and he was one of the