Consequences of Corrupt Practices in Business Transactions (Including International) in Terms of Czech Law

Abstract

Corrupt practices seem to be encountered most frequently in cases involving public funding. Nonetheless, they can also play a negative role in private relationships, where no public money is handled or where such money is involved only indirectly. This paper contains analysis of Czech legislation providing for punishment of corrupt practices, under both criminal and civil law. Our analysis focuses both on purely private-law relationships and on transactions that involve – as one of the parties – an entity handling public resources.