Examples of ABAC Laws in a sentence
Anti-Corruption You are subject to all applicable anti-bribery and anti-corruption laws (“ABAC Laws”) and shall comply with all applicable ABAC Laws.
You shall not: (a) take any action or permit or authorize any action by a third party in violation of ABAC Laws; (b) use your own money or monies/consideration paid or provided to it for any unlawful purposes, and (c) directly or indirectly offer, promise, give, solicit or accept anything of value to or from a government official, government controlled enterprise or company, political party or any other person or company to gain an improper advantage or improperly influence any act or decision.
ABAC Laws may hold Prysmian Group accountable for a third party’s bribe or corrupt behaviour when the third party is representing or acting on behalf of the Company or in connection to a Company transaction.
Furthermore, even a legitimate contribution, when made in exchange for obtaining or sustaining a business activity, or to secure an illicit advantage, may be considered a corrupt payment pursuant to ABAC Laws.
Partner covenants that it will maintain accurate books and records and systems of internal controls to ensure compliance with ABAC Laws.
Mr Boda submitted that the contractual terms obliged Fipaza to have disclosed the reason of her 2006 dismissal.
If it has not already done so, Partner shall adopt and implement within 90 days of executing this Agreement policies and procedures reasonably designed to prevent Partner and anyone acting on its behalf from engaging in any activity, practice, or conduct that would violate any of the Applicable ABAC Laws or Applicable Trade Laws.
Economists are trained to worry about “knock on” or “spillover” effects—on other markets.
If Partner, or anyone acting on its behalf, suspects or comes to believe that Partner, or anyone acting on its behalf, has violated any of the Applicable ABAC Laws or Applicable Trade Laws, it shall notify Xxxxxxx.xx promptly in writing of its suspicion or belief.
To reduce the risk associated with engaging third parties, we must demonstrate we have completed an appropriate level of due diligence to ensure these third parties comply with ABAC Laws and Prysmian Group standard of ethical behavior.