The Bribery Act is due to come into effect in April and is expected to cause alarm and distress among compliance and executive officers of companies.
The Bribery Act will introduce corporate offences such as failing to prevent bribery. In this type of case, individual company executives might face personal criminal sanctions if they are proved to have consented or connived in the offering or receiving of a bribe.
Companies and individuals may have to prove that adequate procedures were put in place to prevent bribery.
M23LAW are alerting their corporate clients in particular to this far-reaching legislation. We believe it is more pernicious in some respects than current USA legislation, such as the Foreign Corrupt Practices Act.
We are therefore gearing-up to advise and represent companies and executives who might wish to receive our specialist services. Please speak to Andrew for further guidance.
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