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Bribery Act 2010

Friday, 9 December 2011

Compliance and Defence Services for Businesses

The Bribery Act 2010, which is known as one of the toughest anti-corruption laws in the world, came into force in the UK on 1 July 2011. The Act has the potential to affect not only UK-based companies, but any company in the world that does business here. Essentially, the Act potentially criminalises as "bribery" a number of activities that businesses have historically engaged in with no penalties.

Rollingsons Solicitors Ltd is a full-service business law firm serving UK companies and those doing business here. Our London business solicitors advise business clients on the relevant portions of the Bribery Act, with an eye towards protecting each client's ongoing viability and profitability. Moreover, Bribery Act violations involve criminal punishment, making it even more important for companies to be aware of and comply with its mandates.

How the Bribery Act 2010 Affects Employers

Under the Act, commercial organisations now have a duty to prevent bribery on their behalf. Essentially, this means that a company can be found guilty of the offence of bribery even if the bribe was actually carried out by:

  • An employee
  • An agent
  • A subsidiary or affiliate company
  • A number of other third parties

Defences to Bribery

The best way for a company to protect itself is to create well-defined procedures for carrying out due diligence, communication and training, and monitoring and reviewing business activities. At Rollingsons, we have a great deal of employment law expertise, and we are ready to assist your company in creating and implementing a plan that protects your operations.

The Act has the potential to affect many different behaviours, including the completion of many types of financial transactions that have been acceptable in the global markets for many years. We encourage you to seek proper legal advice in order to keep your business in line with the act's requirements.

Contact a London Business Compliance Lawyer

Business owners should be fully aware of their obligations under the Bribery Act 2010. Rollingsons Solicitors can help you understand your duties. For a free initial consultation, call 020 7611 4848 or contact our London law firm online.