Nepal’s Anti-Bribery and Corruption Laws Fall Short: Concerns for Foreign Investors

A Precarious Situation for Foreign Investors

Despite being in a state of transition following the ongoing constitutional promulgation process, Nepal has struggled to implement effective anti-corruption laws. This precarious situation has significant implications for foreign investors seeking to operate in Nepal.

The Impact on Foreign Investment

Nepal’s low ranking (126th) on Transparency International’s Corruption Perception Index 2014 highlights the country’s corruption problem. To make matters worse, foreign companies are required to comply with legislation such as the UK Bribery Act and Foreign Corrupt Practices Act. This creates a challenging environment for foreign investors.

Pioneer Law’s Response: A Comprehensive Anti-Corruption Practice

To address this challenge, Pioneer Law has developed a comprehensive anti-corruption practice. Our team of experts provides guidance and support to clients operating in Nepal, helping them prepare and implement robust anti-bribery and good housekeeping policies. We also train compliance officers and in-house legal departments on effective strategies for dealing with government officials.

Expertise in Key Areas

Pioneer Law has extensive experience in areas such as:

• Licensing
• Permits
• Concessions
• Government procurement

This expertise enables us to conduct thorough anti-corruption due diligence for clients considering acquisitions or participating in government projects in Nepal. Our deep understanding of the local business environment allows us to provide tailored solutions to mitigate risks associated with corruption.

How Pioneer Law Can Support Your Organization

For more information on our anti-bribery and corruption practice, or to discuss how we can support your organization, please email us at info@pioneerlaw.com.