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ARTICLE · 01 JUNE 2010

The Heavyweight May 2010

CMS Cameron McKenna Nabarro Olswang
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The Bribery Act 2010: it is relevant to any business, based anywhere in the world, if it performs any act or omission in the UK that forms part of a bribery offence.

United KingdomFinance and Banking
Ruth Pedley
Ruth Pedley

Welcome to the May 2010 edition of the Heavyweight. Some interesting things this month:

  • The Bribery Act 2010: it is relevant to any business, based anywhere in the world, if it performs any act or omission in the UK that forms part of a bribery offence. And, regardless of where the act or omission occurs, the Act applies to any UK national and to any UK corporate wherever they are and whatever they do. Look for the link to the CMS guide to the Act.
  • Changes of procedure affecting Enduring Powers of Attorney.
  • The OFT challenge to the competitiveness, or not, of the Banking Act's Special Resolution Regime in their review of the retail banking market.
  • A case on a non-compete clause in a guarantee that went to appeal (Cattles).

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