In Focus (#3 March 2020)

The Power of Enforcement

Criminal violations have exceeded the borders of states and continents. Criminal justice requires serious  coordination by national law-enforcement authorities, smooth mechanisms of cooperation and exceptional communication. The heroes of our cover story, partners of AVER LEX attorneys at law Olga Prosyanyuk and Vitaliy Serdyuk, argue that Interpol provided the possibilities for prosecution of crime but the State of Ukraine often abuses these opportunities because of the deep background of political prosecutions. The extraterritoriality of legislation like the US Foreign Corrupt Practices Act and UK Bribery Act provoked a wave of investigations around the world. Furthermore, foreign authorities have started prosecuting Ukraine-related corruption cases. In addition, attempts by the US to enhance its enforcement power are driving the trend for extending jurisdiction. It should not take long to see the result. Our guest contributor, Syed Mujtaba Hussain from the UAE, presented the concept of setting up an International Financial Centre by sharing the successful experience of Dubai and Astana. It is certainly worth Ukraine considering this idea.


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