March 2, 2011

Recent Changes to the UK Bribery Act Parameters

Monday's Daily Telegraph in London disclosed that the Act will loosen its grip on corporate hospitality, be more understanding with facilitation payments – as long as the payments are not considered “serious” – and extends plausible deniability to companies who find themselves involved in questionable joint ventures.

We are still waiting to see how the Ministry of Justice and SFO will outline the adequate procedures, but they are heading in the right direction. These recent adjustments will enable multinational companies with UK interests to operate rationally without eminent fear of retribution.

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