UK Bribery Bill: ten things you should know (Norton Rose article) – Norton Rose has published 10 key points that all corporates should be aware of in relation to the fortcoming bribery Bill, which is expected to be enacted in the course of 2010.
The corporate community has become accustomed to the US authorities frequently investigating and prosecuting offences under the US Foreign Corrupt Practices Act (FCPA). Until recently, the same could not be said about investigations and prosecutions by the UK authorities. In part, the historic failure to investigate and prosecute corruption offences has been attributed to a lack of impetus by the Serious Fraud Office. However, to some extent, the lack of action has been a result of the antiquated and piecemeal nature of the UK law on bribery and corruption.
However, with the proposed enactment of the Bribery Bill (the Bill), with its wide-ranging changes and significant extra-territorial reach, one of the impediments to the bringing of successful prosecutions will be reduced.
The Bill is wider in scope than the FCPA in a number of respects. Below are 10 key points that all corporates should be aware of in relation to the Bill, which is expected to be enacted in the course of 2010.
- Strict liability
- Extra territorial jurisdiction
- Associated persons
- Private bribery and bribery of a foreign public official
- Improper performance
- Foreign public officials
- Indirect bribery
- Individual liability
- Facilitation payments
- Public procurement
READ MORE @ http://www.nortonrose.com/knowledge/publications/2010/pub27154.aspx?lang=en-gb&page=all#page=1
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