UK Bribery Act: Corporate Exposure Beyond The FCPA

Law360, New York (June 22, 2010, 10:45 AM EDT) -- On April 8, 2010, the United Kingdom’s Bribery Act 2010 received Royal Assent, representing a major overhaul of U.K. anti-corruption law. The act, which takes effect later this year, replaces the piecemeal existing law and provides a more comprehensive and far-reaching legal framework for combating bribery in both the public and private sectors.

The new law is similar in purpose to the United States Foreign Corrupt Practices Act but has a substantially broader jurisdictional reach and applicable scope.

The U.K. Bribery Act establishes four classes of...
To view the full article, register now.