Welcome to the winter 2012 edition of Salans Commercial
Thinking. In this edition, we have selected some of the most
noteworthy developments in UK commercial law over the last quarter
including case studies and changes in regulation.
1. The Bribery Act – A Refresher
The Bribery Act 2010 (the "Act"), which came into
force just over a year ago on 1 July 2011, is arguably the most
robust anti-corruption legislation in the world. It has a wide
reach, affecting all companies that do business in the UK or employ
British citizens.
Summary of the Offences
The Act provides that a person is guilty of an offence
where:
- They offer, promise or give a financial advantage to another
person with the intention of causing that other person to
improperly perform, or rewarding that other person for improperly
performing, a public or commercial function in any
jurisdiction.
