A Retiring Glance At Trade â Past, Present And Future
As my tenure at UK Trade & Investment draws to a close, it’s time for a little reflection…
20 December 2010
Want to know about the Bribery Act 2010 from emita Director & Partner at Roythornes Solicitors Andrew Shipley?
New rules impose important obligations on all businesses and have particular relevance to those who work in areas where bribery is used in the course of business.
Under the Bribery Act 2010 (which is due to come into effect in April 2011), all businesses must put in place adequate measures to stop third parties that they are associated with using bribery to benefit their business.
Bribery is widely defined and includes, over generous hospitality, rebates that have no justification, and the small payments to oil the wheels of bureaucracy that are very common in many parts of the world.
These new rules shouldn't deter you from your efforts to export to markets such as those covered in emita’s forthcoming
Specifically you need to:-
Turning a blind eye to the activities of local agents is no longer an option. High profile prosecutions are likely to be brought in the New Year. The Act applies to businesses of all sizes and not only those who are dealing with foreign governments, though they are particularly vulnerable. The indications are that construction, minerals extraction, pharmaceuticals and defence are the areas of activity that are most likely to be scrutinised, but all businesses are required to comply with the Act.
Should you have any specific queries or require any further information on the Bribery Act, please contact
Alternatively, Andrew will be available for free one to one meetings prior to the North Africa event on Wednesday 19 January. To book an appointment, please contact