U.S. and U.K. authorities have stepped up enforcement of bribery in foreign business dealings, which may herald a longer-term shift in how foreign companies operate in the Gulf, lawyers say.

WSJ: Sheik Spars With UBS Over $20 Million Fee

It explored a number of initiatives, and in 1997 helped launch the Organisation for Economic Co-operation and Development's (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

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