You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

January 17, 2012

Business Report Thailand: David Lyman and Michael Ramirez Discuss Corruption

Subscribe to Updates
Business Report Thailand

Transparency International’s annual corruption perceptions index ranks Thailand 80th out of 182 countries for its perceived level of public-sector corruption. In its January 2012 issue, Business Report Thailand discussed the corruption challenges that Thailand faces with David Lyman, Chairman and Chief Values Officer, and Michael Ramirez, Consultant, of Tilleke & Gibbins.

Michael said that systemic change—from the education system upward—would be required to see a meaningful decline in the level of corrupt activity in Thailand. But compared to some of its neighbors, such as Cambodia and Laos, Michael feels that Thailand remains a viable place for foreign investors to do business while maintaining compliance with the U.S. Foreign Corruption Practices Act.

David concurred, offering a very pragmatic view: “Corruption is here to stay to one extent or another. The trick is to harness it and keep it within reason.”

Download Full Article
RELATED PROFESSIONALS

Practices

Compliance and Investigations

Location

RELATED INSIGHTS​ 

April 18, 2012
Over the past several years, the U.S. government has become increasingly active in the enforcement of the Foreign Corrupt Practices Act (FCPA). But despite the increased focus on criminal prosecutions of companies and their principals, evidence suggests that many people still view some form of bribery as an acceptable or even necessary requirement for doing business in some countries. This increases risk and imposes a responsibility for companies doing business abroad to do all that is necessary to ensure that they and their partners act in ways that are compliant with the FCPA.
Read More
April 5, 2012
On April 23-24, Clemence Gautier, consultant in the Tilleke & Gibbins intellectual property and regulatory affairs groups, will be participating in the Global Anti-bribery In-house Network (GAIN) conference, hosted by TRACE International. The two-day event will cover a broad range of anti-bribery and corruption topics, such as tools for enforcement and targeting, government initiatives, challenges in emerging markets and conflict zones, cross-border investigations, and practical steps for compliance.
Read More
December 28, 2011
Oxford Business Group (OBG), the global publishing, research and consultancy company, has renewed its partnership with Tilleke & Gibbins for its latest report on Thailand’s economy.As part of the collaboration, which marks OBG’s third year of partnership with the law firm, Tilleke & Gibbins will work with the Group’s editorial and research team to produce the legal section of The Report: Thailand 2012.
Read More