Team of Law Institute researchers transcend the boundaries of corruption in the public sector by studying the issue of corruption in the private sector in their latest publication
Although by many, corruption and bribery are still widely associated with abuse of power by government officials, corruption in the private sector is an increasingly relevant phenomenon nowadays as well. However, the concept of corruption in the private sector in the Lithuanian context is characterized by legal uncertainty – it is not disclosed in either national or international legal acts.
The team of Law Institute of the Lithuanian Centre for Social Sciences researchers, consisting of dr. Kristina Ambrazevičiūtė, dr. Eglė Kavoliūnaitė-Ragauskienė and dr. Petras Ragauskas' presents the result of their most recent collaboration – the new monograph “Corruption in the Private Sector”. The overall objective of the study is to summarize the assessment of the problem of corruption in the private sector in the Lithuanian context.
The publication reflects the quintessence of the research carried out through 2016-2020 by the researchers of the Institute as part of the special research program “A New Approach to Corruption: Challenges and Opportunities Beyond the Public Sector”. In the first part of the study, the authors focus on the issue of corruption in the private sector: the concept of the phenomenon itself is defined and an assessment of the relationship with corruption in the public sector is provided. The monograph also seeks not only to distinguish corruption in the private sector from co-occurrences such as competition, lobbying and the provision of gifts, but also to specify the threats and potential harm. The second part of the monograph is devoted to a detailed analysis of the main measures to address the problem of corruption in the private sector in Lithuania, including criminal law, labour law, civil law and private sector self-regulation.
Full text of the monograph can be found here.