Copying and distributing are prohibited without permission of the publisher
Legal Analysis: UK Bribery Act
04 August 2010
The new UK Bribery Act (the Act), which will come into force in April next year, is designed to provide a more effective framework for the relevant authorities to bring the force of the law to bear on bribery.
UK Bribery Act
The new UK Bribery Act (the Act), which will come into force
in April next year, is designed to provide a more effective
framework for the relevant authorities to bring the force of
the law to bear on bribery.
There are four offences. The two general offences of paying
and receiving bribes; the offence of bribery of foreign public
officials; and the offence committed by the failure of
commercial organisations to prevent bribery.
The latter "corporate offence" represents the most
significant departure from the old law on bribery and will
place the onus on corporates to ensure that their
anti-corruption procedures are robust and up to date.
A corporate will be guilty of an offence if an 'associated
person' (including an employee, agent or subsidiary providing
services for the organisation) commits bribery to obtain or
retain business or an advantage in the conduct of business for
the organisation. Previously, it...
You must be logged in to view this page. If you are already a registered user please log in. Alternatively, you can request a free trial or subscribe.
Subscribers have unlimited access to all current and archive content – start your subscription today to gain immediate access.
A free trial will give you temporary access to the latest news, data, key interviews and analysis (excluding some surveys). Start your free trial today.