As if general counsel in the U.S. don’t already have their hands full with the vigorous prosecution of bribery cases, now the United Kingdom is joining in. The U.K.’s new Bribery Act lets British prosecutors charge any international company with a business presence in the U.K. for corrupt practices that take place anywhere in the world. The law, which goes into effect later this year, even makes it a crime for a corporation to fail to prevent bribery.
Richard Alderman, the head of the U.K.’s Serious Fraud Office, which investigates corrupt business practices, has said in public statements that he intends to pursue an aggressive interpretation of the new law. While Alderman couldn’t be reached for comment, he has discussed the new law in several public statements, including at a December briefing at the Washington, D.C., office of Gibson, Dunn & Crutcher.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
