Category Archives: bribery

Should You Hire a Corrupt Manager in Russia?

Posted on February 12, 2013 by

That’s the provocative question raised by Prof. Maxim Mironov of IE Business School in a new paper, which I came across via this post at the Wall Street Journal. In short, Mironov concludes that yes, on occasion, it is worthwhile … Continue reading →

Posted in bribery, bribes, bureaucracy, Business, compliance, corruption, officials, rule of law, russia | 1 Comment

War on Corruption – What to Make of the Latest Scandals?

Posted on December 7, 2012 by

Update: for the Russian speakers, today Kommersant put up an excellent resource on its website, with an infographic on the latest scandals and corruption generally, and links to articles on everything I cover below. Of particular interest – the total financial losses collectively inflicted … Continue reading →

Posted in bribery, bribes, bureaucracy, clans, corruption, criminal law, Dmitry Medvedev, mvd, Putin, Rostekhnologii, russia, siloviki, Vladimir Putin, war on corruption | 1 Comment

IKEA in Russia – Light at the End of the Tunnel?

Posted on June 21, 2011 by

It has been six months since I last wrote on IKEA, and I thought it was time to check in on TRM’s favorite foreign investor in Russia.  In December, it appeared that IKEA’s problems were only getting worse.  The whole story … Continue reading →

Posted in bribery, bribes, bureaucracy, Business, compliance, corruption, Foreign direct investment, foreign investment, IKEA, Nabiullina, oecd, rule of law | 4 Comments

Tip of the Spear – Can Big Business Battle Corruption in Russia?

Posted on March 26, 2011 by

Last year, there was a minor stir in the Russian and Western press when major European/American businesses and business associations involved in Russia signed an integrity pact pledging not to pay bribes in that country.  Many were skeptical at the … Continue reading →

Posted in anti-corruption legislation, bribery, bureaucracy, Business, Business and Economy, compliance, corruption, fcpa, Foreign direct investment, foreign investment, RECA

Truth or Consequences – IKEA as a Case Study of Russia’s Miserable Investment Climate

Posted on October 8, 2010 by

Earlier this year I wrote about IKEA’s corruption problems in Russia.  Two senior managers were fired after Swedish media reported that the managers had approved a bribe payment by their general contractor in order to obtain electricity service for a … Continue reading →

Posted in bribery, bribes, bureaucracy, Business, Business and Economy, corruption, Economic development, Foreign direct investment, foreign investment, IKEA, officials, russia, Russian economy | 3 Comments

Daimler Did Not Pay Bribes in Russia – MVD Source

Posted on August 21, 2010 by

So MVD finished its thorough investigation of the corruption allegations against Daimler.  Recall, this April Daimler settled violations of the U.S. Foreign Corrupt Practices Act (FCPA) with the U.S. Department of Justice (DOJ) and Securities and Exchange Commission (SEC).  The … Continue reading →

Posted in bribery, bribes, bureaucracy, corruption, daimler, daimler ag, daimlerchrysler, Dmitry Medvedev, fcpa, interior ministry, mvd, prosecutor general, war on corruption

Legal Update – Russia’s War on Corruption Gets a European Makeover

Posted on June 9, 2010 by

The Ministry of Justice is drafting amendments to several Russian laws, as part of the country’s effort to join the Group of States against Corruption (GRECO).  According to press reports, the amendments will include at least three significant changes: (i) … Continue reading →

Posted in anti-corruption legislation, bribery, corruption, Law, OECD Anti-Bribery Convention, reform, russia, Vedomosti, war on corruption