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...