COMMENT: LAWYERS REACT TO THE BRIBERY ACT GUIDANCE

first_img whatsapp SATINDAR DOGRA| LINKLATERSThe guidance provides a welcome dose of common sense. The Act is not intended to subvert normal business interaction and this is now much clearer. The focus on proportionate compliance procedures may help save costs for some businesses, and foreign companies will be assured that they will not fall within the clutches of the UK regulator unless they have a demonstrable business presence.STEPHEN MORRALL| DAWSONSIt is a pity that the Act imposes absolute duties. Despite representations from businesses, the government has refused to carve out ‘facilitation payments’. This criminalises conduct for which, as Ken Clarke admits, there is no public interest to prosecute, but leaves businesses in a state of uncertainty. This is unlikely to make the UK a more attractive destination for overseas companies.HARRIET TERRITT| JONES DAYThe Bribery Act will have a big impact on M&A deals where one or more parties is subject to the Act. The possibility that a target company could be subject to a significant corruption investigation has obvious business and reputational implications, particularly given that fines are expected to be substantial and the target will likely have to disgorge any benefit received as a result of a bribe. COMMENT: LAWYERS REACT TO THE BRIBERY ACT GUIDANCE Share More From Our Partners Killer drone ‘hunted down a human target’ without being told tonypost.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgConnecticut man dies after crashing Harley into live bearnypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsappcenter_img Show Comments ▼ Wednesday 30 March 2011 8:37 pm KCS-content by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastMoneyPailShe Was Famous, Now She Works In {State}MoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesDrivepedia20 Of The Most Underrated Vintage CarsDrivepediaPeople TodayNewborn’s Strange Behavior Troubles Mom, 40 Years Later She Finds The Reason Behind ItPeople TodayBetterBeDrones Capture Images No One Was Suppose to SeeBetterBeElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Heraldautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.com Tags: NULLlast_img

Leave a Reply

Your email address will not be published. Required fields are marked *