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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.
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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...
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