News & what's on - Written by Barry & Richard on Thursday, September 16, 2010 12:52 - 0 Comments
Join us on 30 September when we interview the UK SFO’s G.C. on the new UK Bribery Act
Interested? Click here for details and what you need to do to register.
The UK has declared war on corruption with its new Bribery Act and the battlefield is not confined to Great Britain’s shores. U.S. and non UK companies take heed: with its long-arm jurisdiction, this law applies to any business with operations in, or connections with, the UK.
That means unlimited fines, confiscation of assets, debarment from EU contracts, and lengthy prison terms could be in store for those found guilty. Unlike the Foreign and Corrupt Practices Act, there is no exemption for facilitation (“grease”) payments or corporate hospitality. However, the SFO has signaled that it will be adopting a common sense approach in enforcement of the new law.
On 30 September we shall host a free webinar. It’s a “must attend” for general counsel, ethics officers and compliance counsel of any business that trades with or from the UK. Don’t miss this opportunity to hear Mr. Robinson, general counsel to the UK’s Serious Fraud Office, answer your questions arising from the UK’s long–arm jurisdiction bribery laws, including:
When will the long-arm jurisdiction of the law catch foreign companies?
What should businesses be doing now to comply?
What should an organization do if it uncovers bribery?
Please join Mr. Robinson QC as he joins us, Barry Vitou and Richard Kovalevsky QC, in a discussion answering these critical questions and more.
Do you have specific hypothetical examples you’d like the SFO’s view on? Mr. Robinson has agreed to accept questions from us.