UK Clarifies Wide-Ranging Bribery Laws and the Impact on Non-UK Companies

more+
less-

On 7 October 2010, the UK Ministry of Justice clarified its draft guidance on the new UK anti-bribery legislation and how it is likely to be enforced. The Bribery Act 2010 (the "Act"), passed through the House of Commons in April 2010, received Royal Assent the same day and is now law. It will come into force in April 2011. The new legislation has been called the "toughest enforcement standard in the world."

Many US and other global companies with UK operations have taken note of the Bribery Act 2010 because the new law applies—not only to UK businesses—but also to the UK subsidiaries of non-UK companies, employees who reside in the UK and others based on actions they take while in the UK.

Please see full article below for more information.

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