Over the weekend, new legislation to prevent instances of foreign bribery in Australia came into effect. Here, we discuss what those laws entail, the potential impact on businesses, and how best to move forward, particularly in a time of increased regulatory scrutiny. In this episode of The Corporate Counsel Show, host Jerome Doraisamy speaks with A&O Shearman counsel Jessica Zoller about her interest and career in white-collar criminal matters, what is meant by the term “foreign bribery”, the new laws that have come into effect in Australia over the weekend, the responses from key stakeholders to the laws, and what they will likely mean for the market and broader Australian society.

Zoller also dives into whether the new laws go far enough or will need further changes, the current regulatory climate and microscope on business activity, the need to be proactive rather than reactive in ensuring good governance, the challenges for businesses in being proactive, best practice for lawyers on the ground within businesses, necessary procedural improvements to make internally, opportunities for businesses to stand out from the competition, and adhering to new governmental guidance. If you like this episode, show your support by  rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn.

If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email [email protected] for more insights!