UK Lays Out Limits To Overseas Reach Of Bribery Act

Law360, New York (March 30, 2011, 7:57 PM EDT) -- Companies in the U.S. and elsewhere will get some relief from prosecution under the new anti-bribery law set to go into effect this year in the U.K., according to long-awaited government guidance released Wednesday that clarifies the measure.

Just because a company is traded on the London Stock Exchange or has a subsidiary in the U.K. does not in itself mean that prosecutors will target the foreign-owned parent company in a bribery investigation, according to the U.K. Ministry of Justice's guidelines.

In addition to easing concerns...
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