Titan Case Study- International business law

Introduction Titan set up a joint venture with a government company in the West of Africa, in Benin, in 1998 to build a wireless telephone network. The firm hired a man as its local agent, who was known as a business adviser to Benin's president, Mathieu Kerekou. From 1999 to December 2001, Titan paid more than $3.5 million to this agent, including $2 million that was falsely billed as consulting services but actually was used for the president's re-election campaign. …

…pay the fine that it is confronted with and actually needs to be penalized more. It is too easy for companies to pay a fine. Of course, these fines are important, but if a firm could be banned from business in a country for a certain number of years, they would be less tempted by corruption. Possible solutions There are two possible solutions to the problem of bribery and corruption: more control or more penalties.