The U K Ministry of Justice issued a guide to businesses, on 30 March 2011, relating to the new Bribery Act 2011. This is a major shake-up and re-writing of the UK law relating to business bribery.
The law comes into force on 1 July 2011 and relates to any company that carries on business in the UK. The phrase ‘carries on business’ is to be interpreted with a wide but common-sense approach and will encompass businesses that have a substantial connection or do business in the U K, even if they are incorporated outside the U K.
The newly issued guidance from the UK Government describes how the law will be applied and what companies should do in order to avoid prosecution. By taking steps now, companies can make certain that they do not face prosecution under the Act because of the unlawful behaviour of their employees, or other people associated with the company. click to read more>>>>