Anti-corruption Clause (ICC)

EENI- School of International Business

Sub-subject: The Anti-corruption Clause of the International Chamber of Commerce (ICC). Syllabus:

1. Introduction to the International Chamber of Commerce
2. The Anti-corruption Clause of the International Chamber of Commerce
3. How to implement the anti-corruption clause
4. Outline of the anti-corruption clause

Sample of the sub-subject: The Anti-corruption Clause of the International Chamber of Commerce

Description of the Sub-Subject: The Anti-corruption Clause of the International Chamber of Commerce:

In 1919 in Paris (France) was created one of the largest business organisations in the World: The International Chamber of Commerce (ICC). One of the objectives of the ICC is to promote open trade and investment, creating instruments for companies such as the Incoterms, the Uniform Customs and Practice for Documentary Credits (URU), the standard contracts, the codes of good practice or the anti-corruption clause.

The ICC also creates the International Court of Arbitration.

The International Chamber of Commerce consists of companies and organisations in more than 130 countries.

The International Chamber of Commerce has developed an anti-corruption clause that may be included in any foreign trade contract. This clause is a contractual basis by which the parties undertake to adhere to provisions of the voluntary rules to combat the corruption of the International Chamber of Commerce.

The anti-corruption clause serves both for Small and Medium Enterprise and for large multinationals.

An exporting company wishing to include the anti-corruption clause in their contracts of international sale does not need any permission from the International Chamber of Commerce.

The anti-corruption clause is based on the principle of self-regulation. The acceptance of the clause anti-corruption is voluntary by the companies involved. The only restriction is that the interpretation of this clause corresponds to the International Chamber of Commerce.