Anti-corruption regulation—Liechtenstein—Q&A guide
Anti-corruption regulation—Liechtenstein—Q&A guide

The following Corporate Crime practice note provides comprehensive and up to date legal information covering:

  • Anti-corruption regulation—Liechtenstein—Q&A guide
  • 1. To which international anti-corruption conventions is your country a signatory?
  • 2. Identify and describe your national laws and regulations prohibiting bribery of foreign public officials (foreign bribery laws) and domestic public officials (domestic bribery laws).
  • 3. Can a successor entity be held liable for violations of foreign and domestic bribery laws by the target entity that occurred prior to the merger or acquisition?
  • 4. Is there civil and criminal enforcement of your country’s foreign and domestic bribery laws?
  • 5. Can enforcement matters involving foreign or domestic bribery be resolved through plea agreements, settlement agreements, prosecutorial discretion or similar means without a trial? Is there a mechanism for companies to disclose violations of domestic and foreign bribery laws in exchange for lesser penalties?
  • 6. Describe the elements of the law prohibiting bribery of a foreign public official.
  • 7. How does your law define a foreign public official, and does that definition include employees of state-owned or state-controlled companies?
  • 8. To what extent do your anti-bribery laws restrict providing foreign officials with gifts, travel expenses, meals or entertainment?
  • 9. Do the laws and regulations permit facilitating or ‘grease’ payments to foreign officials?
  • More...

This Practice Note contains a jurisdiction-specific Q&A guide to anti-corruption regulation in Liechtenstein published as part of the Lexology Getting the Deal Through series by Law Business Research (published: December 2020).

Authors: Lampert & Partner Attorneys at Law Ltd—Siegbert Lampert

1. To which international anti-corruption conventions is your country a signatory?

The government of the Principality of Liechtenstein claims that one of its main priorities is combating corruption. Liechtenstein has been a member of the Council of Europe Group of States against Corruption (GRECO) since the beginning of 2010. Within the framework of GRECO, the member states evaluate each other's implementation of the anti-corruption recommendations of the Committee of Ministers as well as the Criminal Law Convention, and they adopt evaluation and implementation reports. The joint first and second evaluation round concentrated particularly on the independence and specialisation of national institutions commissioned with preventing and combating corruption. Furthermore, the scope and range of immunities from criminal prosecution, the proceeds from corruption, and the topics 'Public administration and corruption' and 'Legal persons and corruption' were investigated.

The first Compliance Report on Liechtenstein by GRECO, which was published in October 2013, concluded that Liechtenstein has satisfactorily implemented some of the recommendations contained in GRECO's Joint First and Second Round Evaluation Report (published in October 2012), whereas other recommendations remained to be dealt with. The Third Round Evaluation took place in

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