Left out of the Bargain: Settlements in Foreign Bribery Cases and Implications for Asset Recovery

By:
  • Jacinta Odour
  • Jeanne Hauch
  • Marianne Mathias
  • Ji Won Park
  • Oliver Stolpe
  • Agustin Flah
  • Dorothee Gottwald
  • Francisca M. U. Fernando
27 November 2013
Languages: English
Publisher: World Bank Publications

Resources & Downloads

  • Report

  • Press Release

Over the past decade, countries have increasingly used settlements —that is, any procedure short of a full trial—to conclude foreign bribery cases and have imposed billions in monetary sanctions. There exists a gap in knowledge, however, regarding settlement practices around the world and the disposition of these monetary sanctions—notably through the lens of recovery of stolen assets.
 
Left out of the Bargain provides an overview of settlement practices by civil and common law countries that have been active in the fight against foreign bribery.
 
Using the United Nations Convention against Corruption (UNCAC) as its point of reference, the study addresses concerns voiced by the international community: What happens to the money associated with the settlements, and is it being returned to those most directly harmed by the corrupt practices? And what can be done to assist those countries harmed by foreign bribery?