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ARTICLE · 16 JUNE 2010

The Bribery Act 2010 – What You Need to Know

A lot of our clients have been asking us about what the Bribery Act means for their business and how we can help them to comply with the new law.

United KingdomLitigation, Mediation & Arbitration
Neil Gerrard
Neil Gerrard
Jonathan Pickworth
Jonathan Pickworth
Richard Smyth
Richard Smyth

A lot of our clients have been asking us about what the Bribery Act means for their business and how we can help them to comply with the new law.

What Are The Main Features Of The Act?

The new law will be one of the toughest in the world. It makes it an offence to give or receive a bribe; there is a specific offence of bribing a foreign public official; commercial/private bribery is criminalised; a new strict liability corporate offence of failing to prevent bribery is introduced; senior officers who participate in or turn a blind eye to bribery can be personally liable; there is no exemption for facilitation payments; and it has a broad extraterritorial reach which covers companies and individuals.

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