International Trade Law News /title <!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Strict//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-strict.dtd"> <html xmlns="http://www.w3.org/1999/xhtml" xml:lang="en" lang="en"> <meta name="verify-v1" content="6kFGcaEvnPNJ6heBYemQKQasNtyHRZrl1qGh38P0b6M=" /> <head> <title>International Trade Law News

« Home | Updated Information on Incoterms 2010 » | Today's News and Notes » | CBP Issues Report on Import Activity During First ... » | New Market Exporter Initiative Launched Today by U... » | Cloud Computing and U.S. Export Controls Audio Con... » | Incoterms 2010 to Include Two New Incoterms, DAP a... » | Bureau of Industry and Security Issues Agenda For ... » | New Charges Filed by U.S. Grand Jury Against Irish... » | Obama Provides Update on National Export Initiativ... » | Latest News on Incoterms 2010 and Seminar Schedule » 

July 20, 2010 

U.K. Postpones Implementation of Bribery Act for Six Months

In order to provide businesses with more time to prepare for the implementation of the recently passed Bribery Act, the U.K. Ministry of Justice announced today that implementation of the Bribery Act will be postponed for six months and will now go into effect in April 2011.

The Ministry of Justice also announced that in September 2010 it will launch a consultation exercise to draft guidance regarding the procedures that companies can put in place to prevent bribery. The guidance will be published in early 2011 and will be followed by a series of awareness-raising events to ensure affected companies are prepared for the changes to current law.

The Bribery Act, which received Royal Assent on April 8, 2010, will make the following changes to U.K. law:

  • Introduce a corporate offense of failure to prevent bribery by persons working on behalf of a business. A business can avoid conviction if it can show that it has adequate procedures in place to prevent bribery.
  • Make it a criminal offense to give, promise or offer a bribe and to request, agree to receive or accept a bribe either at home or abroad. The measures cover bribery of a foreign public official.
  • Increase the maximum penalty for bribery from seven to 10 years imprisonment, with an unlimited fine.
The full text of the U.K. Bribery Act can be found here.

Labels:


Editor

Subscribe

Subscribe to our confidential mailing list

Mobile Version

Search Trade Law News

International Trade and Compliance Jobs

Jobs from Indeed

Archives

Categories

Disclaimer

  • This Site is presented for general informational purposes only and does not constitute legal advice. No attorney-client relationship is formed when you use this Site. Do not consider the Site to be a substitute for obtaining legal advice from a qualified attorney. The information on this Site may be changed without notice and is not guaranteed to be complete, correct or up-to-date. While we try to revise this Site on a regular basis, it may not reflect the most current legal developments. The opinions expressed on this Site are the opinions of the individual author.
  • The content on this Site may be reproduced and/or distributed in whole or in part, provided that its source is indicated as "International Trade Law News, www.tradelawnews.com".
  • ©2003-2015. All rights reserved.

Translate This Site


Powered by Blogger