The UK Bribery Act and what it means for U.S. companies
The UK has released the long-awaited guidance regarding the Bribery Act 2010, which will come into force on July 1, 2011. This important legislation introduces more aggressive and far-reaching penalties for noncompliance than its U.S. counterpart ─ the Foreign Corrupt Practices Act. This alert discusses six key principles of adequacy on which companies will be evaluated, as well as additional provisions that U.S. companies should consider in preparation for the legislation’s enactment.
