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ARTICLE · 14 JANUARY 2011

Real Estate Briefing – January 2011

The Bribery Bill received Royal Assent on 8 April 2010 becoming the Bribery Act 2010 (the Act) and is due to come into effect in April 2011.

United KingdomReal Estate and Construction

The Bribery Act 2010

The Bribery Bill received Royal Assent on 8 April 2010 becoming the Bribery Act 2010 (the Act) and is due to come into effect in April 2011. Its purpose is to reform the UK's criminal law of bribery and to reinforce the UK's reputation as one of the least corrupt countries in the world. The changes are significant and businesses are likely to face a number of difficulties in complying with the new regime.

The Act replaces the existing mixture of common law and statutory offences with four offences:

Bribing another person (section 1): This offence covers the offering, promising or giving an advantage to another.

Being bribed (section 2): This offence deals with requesting, agreeing to receive or accepting an advantage.

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