The Bribery Act 2010 comes into force
Thursday 30 June, 2011
The UK Bribery Act 2010 comes into force on 1 July 2011. Commercial organisations will now be at risk of the corporate offence of failure to prevent bribery, and will need to have “adequate procedures” designed to prevent bribery, which, under the Act, will afford a defence.
Organisations should note that the Act has extra-territorial reach in that any UK citizen or company can be liable under the Act for their business practices abroad. Non-UK companies will potentially be affected if they have a UK office or operation, even if the offences complained of are not approved or financed by the UK branch or subsidiary.
As a result, and given that many multinational companies have bases in the UK, the Act is expected to have significant implications for how international companies with a UK connection do business in the future.
Ince & Co has produced a number of briefing documents advising on the potential exposures businesses now face and the measures they should undertake to mitigate these. See the links below for further details.
Bribery Act Guidance
The Bribery Act 2010: significant impIications for international trade
Should you require advice on specific matters please contact:
Andrew Ottley
Partner, London
andrew.ottley@incelaw.com
Kevin Cooper
Partner, London
kevin.cooper@incelaw.com
Date: Tuesday 22 - Wednesday 23 May, 2012
Location: Dexter House, London
Ince & Co partners Kevin Cooper and Stephen Askins are leading a workshop on “Responding to and managing a Piracy incident” on Wednesday 23 May.
Date: Wednesday 20 June, 2012
Location: London
Ince & Co partner Stephen Askins is participating in the First BIMCO seminar on GUARDCON, the much anticipated GUARDCON standard contract for the employment of security guards on vessels, on Wednesday 20 June.