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ARTICLE · 23 JANUARY 2017

UK Bribery Act

Nishimura & Asahi
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Due to many factors, including the international nature of the energy and natural resources ("ENR") sector, the location of many projects in countries perceived to be at "high risk" for bribery and . . .

United KingdomCorporate/Commercial Law
Kaku Hirao
Kaku Hirao
Mark Tudor
Mark Tudor
Yoshiaki Otsuki
Yoshiaki Otsuki

Due to many factors, including the international nature of the energy and natural resources ("ENR") sector, the location of many projects in countries perceived to be at "high risk" for bribery and the vast amounts of money involved in developing and operating ENR projects, the ENR sector has a higher risk of exposure to bribery than other industries.

In an environment in which both Governments and shareholders are demanding increased and better corporate governance and compliance with anti-bribery legislation it is important for companies to understand the risks related to bribery.

Whilst the US Foreign Corrupt Practices Act ("FCPA") has been in place since 1977, the UK Bribery Act 2010 ("Bribery Act") is more recent, has a significantly wider scope than the FCPA and is considered to be the toughest anti-corruption legislation in effect.

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