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Airbus designs and industrializes aircrafts under concurrent engine room techniques since decades with success.
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Why are there so many problems at Airbus?
The problems at Airbus are associated to economic patriotism which is entrenched in its structure. The company runs its operations from different countries and it tends to come at the cost of operational efficiency.
What was the defence in the Airbus case?
In both the UK and Malaysia, a commercial organisation can raise the defence that it had adequate procedures in place to prevent the bribery or corrupt activity. However, in the Airbus case, the High Court Judge noted the following (see generally [65] of the grounds of judgment).
What kind of corporate liability does Airbus have?
The Airbus entity was essentially a Dutch and French domiciled company. But Airbus accepted the extraterritorial effect of the UK Bribery Act. In Malaysia’s corporate liability, there is also extraterritorial effect especially for Malaysian incorporated companies.
Who are the people involved in the Airbus bribery case?
In summary, persons associated with Airbus, including Airbus employees and other intermediaries, offered very substantial sums of money by way of bribes to third parties in order to secure the purchase of Airbus aircrafts.
Last Update: Oct 2021
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Ramal
22.10.2021 06:21
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