Contracts induced by means of bribery: Should they be void or valid?

This paper argues that contracts induced by means of bribery should be valid. Nullity and voidability decrease the incentive for voluntary disclosure, assist corrupt actors with enforcing their bribe agreements and provide leeway for abuse. Thus, they run counter to effective anti-corruption. It is argued that other instruments are more suitable for preventing corruption.

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Year of publication:	2007
Authors:	Nell, Mathias
Institutions:	Fakultät für Wirtschaftswissenschaften, Universität Passau
Subject:	Bribery \| Contracts \| Corruption \| Due Diligence \| Enforcement \| Impugnment \| Liability \| Leniency \| Nullity \| Private Law Validity \| Voidability \| Voluntary Disclosure (Program)

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Extent:	application/pdf
Series:	Passauer Diskussionspapiere, Volkswirtschaftliche Reihe. - ISSN 1435-3520.
Type of publication:	Book / Working Paper
Language:	English
Notes:	Number V-53-07
Classification:	G34 - Mergers; Acquisitions; Restructuring; Corporate Governance ; G38 - Government Policy and Regulation ; K12 - Contract Law ; K14 - Criminal Law ; K42 - Illegal Behavior and the Enforcement of Law
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10009646634