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Companies Worried about Strict Ottawa Rules on Corruption

Posted October 15, 2014

Under Economic Issues, International Trade Issues

(Barrie McKenna – Globe & Mail)

Ottawa insists it isn’t softening its anti-corruption regime, as several key defence and technology suppliers face possible bans on selling to the government for up to 10 years.

A number of prominent government suppliers, including Hewlett-Packard Inc., BAE Systems PLC, and Siemens AG, could be sanctioned in Canada for crimes they committed in other countries.

Robert Card, chief executive of Montreal-based engineering firm SNC-Lavalin Group Inc., warned last week that the strict federal rules are like a “meat cleaver” that could destroy the company if it’s ultimately convicted in an ongoing corruption probe. Read more here.