[Consulting] Review of potential violation of the Anti-Bribe Law during business execution
Article posted in | VEAT
A company was conducting a software development project and began offering a service of inviting university professors to provide consultation in order to help the client upgrade their overall IT system. At the same time, A company was concerned whether the regulations prohibiting gifts and benefits for university professors under the Anti-Bribery Act, which recently came into effect, might also apply to the consulting professors and requested help from Law firm Veat.
Law firm Veat analyzed the newly implemented Anti-Bribery Act (commonly known as the Kim Young-ran Act), its enforcement decree, and the positions and press releases of the Public Interest and Anti-Corruption Commission to determine whether the regulations prohibiting gifts apply to the client’s consulting professors and, if so, to present the upper limit of consultation fees that can be paid, helping A company to carry out consultations without violating the Anti-Bribery Act.
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Law firm Veat