The additional risk for those involved in corruption is the prospect of having assets seized under the Criminal Proceeds (Recovery) Act 2009, as Mr Borlase is presently facing the prospect of, and as also affecting a residential property in the Ngatata Love/Lorraine Skiffington case.
Even for lower-level corrupt payments, however, the risk of prosecution is high, as bribery and corruption remain “priority cases” for the Serious Fraud Office. This is the case both for private and public sector corruption.
This reinforces that New Zealand public and private sector organisations need to continue to be alert to the risks of bribery and corruption, and have appropriate policies and procedures in place to identify and address them.
This article was first published in Minter Ellison's website.
Granting extensions of time in construction contracts - a duty of good faith may apply
indeed
Named New Zealand Law Firm of the Year by Chambers and Partners in 2017, Minter Ellison Rudd Watts is a leading full service law firm with the expertise to help companies achieve their business objectives.
The firm provides access to recognised, experienced legal and business advisers across a wide range of legal services and industry sectors, with expertise across key industry sectors including Energy and Resources, Infrastructure, Government, Health, Banking and Financial Services, Managed Funds, Technology and TMT.
Visit the firm's website to learn more.
Fiona Tregonning
Special Counsel
39 BuildLaw | Sept 2017
Auckland roading corruption conviction upheld by Court CONT...
New Zealand public and private sector organisations need to have appropriate policies and procedures in place to identify and address them.
Aaron Lloyd
Partner
About the Authors