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April 19, 2011

UK Bribery Act Guidance Issued

by jparker

On March 30th, the Ministy of Justice announced 1 July 2011 as the date for the new anti-bribery act to be fully instituted.  Additionally, they issued updated guidance on the act that was generally perceived to soften the anticipated severity of the act by clarifying such things as whether organisations listed on the UK stock exchange but that don’t do business there fall under jurisdiction, clarifying that corporate hospitality is still allowed, and also suggesting that a company’s suppliers are unlikely to be viewed as acting on the company’s behalf.

The official guidance and a Quick Start guide can be found HERE.

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