Anti-bribery & Corruption Policy

Ethical business practices are not only necessary for preserving reputability and improving business overall, but also for adhering to the law. CHK is committed with our anti-bribery and corruption policy ensuring full transparency on the overall negotiation process.

The [business partner] acknowledges that CHK will not tolerate any act in violation of any anti-bribery or anti-corruption or anti-money laundering laws or regulations in any commercial activity.

During the term of the Proposal, the [business partner] undertakes to adopt appropriate conduct to comply with the applicable legal provisions relating to corruption and economic crime.

The [business partner] guarantees to C.H.K that throughout the term of this Agreement:

  1. It will not be directly or indirectly involved in any activity, as well as its shareholders, partners, representatives, directors, directors or collaborators that may constitute a violation of any anti-bribery and corruption laws applicable to the [business partner] or C.H.K in the execution of this Agreement.

  2. Establish, maintain and apply policies, rules of conduct and accomplice, without forgetting to strengthen its corporate governance, as well as appropriate procedures and training to ensure compliance with anti-bribery or anti-corruption laws or regulations;

  3. It will immediately notify C.H.K of any act of bribery and corruption committed in the course of the execution of any Contract in progress between both Parties.

The [business partner] unconditionally and irrevocably assumes that its involvement in any act of bribery or corruption may be considered by C.H.K. as a material violation of this [Agreement], under penalty of termination thereof;