Securities Litigation Update FCPA Update - Implementation of U.K. Bribery Bill Postponed Until April 2011


Implementation of the U.K. Bribery Bill (discussed in our update of April 6, 2010) has been postponed for nine months while the government evaluates comments to the Bill raised by various business constituencies. The delay in implementation has been viewed as a setback to U.S. efforts to achieve a global approach to combating fraud. As currently drafted, the Bill is potentially one of the toughest anti-bribery laws in the world and would apply to any U.S. company doing business in the United Kingdom. The Bill differs from the FCPA in several important respects including the elimination of the “facilitating payment” exception and imposition of a presumption of criminal liability on an organization whose employees, agents or consultants engaged in bribery to further the organization’s business. Commentators believe the delay in implementation may result in a watered-down version of the law.

Please see full Alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

Written by:

Published In:

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Fenwick & West LLP | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »


For more than four decades, Fenwick & West LLP has helped some of the world's most recognized... View Profile »

Follow Fenwick & West LLP:

Reporters on Deadline

All the intelligence you need, in one easy email:

Great! Your first step to building an email digest of JD Supra authors and topics. Log in with LinkedIn so we can start sending your digest...

Sign up for your custom alerts now, using LinkedIn ›

* With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name.