Beware Of The New UK Bribery Act

Law360, New York (June 10, 2010, 1:27 PM EDT) -- Foreign corruption-related risk has increased significantly due to the passage of enhanced anti-corruption laws and increased enforcement in multiple foreign jurisdictions.

German enforcers obtained huge financial penalties against MAN AG, prosecuted former executives of Siemens AG, and worked in cooperation with Russian authorities to facilitate the arrest of multiple former employees of a subsidiary of a major U.S. public company. China recently prosecuted employees of Australian-based Rio Tinto for bribery of public officials. The United Kingdom criminally prosecuted BAE Systems PLC and Innospec Ltd., sentenced a...
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Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.