Anti-Corruption Representations and Warranties (US Style, Acquisitions) (Jurisdiction Neutral) | Practical Law
https://content.next.westlaw.com/practical-law/document/Ic720e6fe735711e698dc8b09b4f043e0/Anti-Corruption-Representations-and-Warranties-US-Style-Acquisitions-Jurisdiction-Neutral?viewType=FullText&transitionType=Default&contextData=(sc.Default)
This Standard Clause outlines essential Anti-Corruption Representations and Warranties critical for compliance with Anti-Corruption Laws such as the US Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act 2010. This Standard Clause specifies that neither the company nor its subsidiaries, officers, directors, employees, agents, or anyone acting on their behalf have engaged in activities violating Anti-Corruption Laws, including the use of corporate funds for unlawful contributions or bribes. It mandates accurate recording of all financial transactions and the maintenance of transparent books and records, prohibiting the establishment of secret or unrecorded accounts. Additionally, it addresses the company's relationships with Government Officials, ensuring no conflicts of interest or improper influence. The document emphasizes the importance of an adequate compliance program, detailing policies and procedures to prevent bribery and ensure due diligence and training. It also confirms the absence of any investigations or proceedings related to Anti-Corruption Law violations. This comprehensive overview is crucial for companies aiming to uphold integrity and avoid legal pitfalls in their operations.