Monday, April 25, 2011

The UK Bribery Act and What US Companies Need to Know About It

is being presented by Adam Greaves & William Boddy, with McGuireWoods and airs on Tuesday, May 17th, 2011. For more details, or to register please visit our site at www.fxconferences.com

The UK Bribery Act, which comes into force July 1, 2011, is a comprehensive piece of legislation modeled after, but going beyond, the U.S. Foreign Corrupt Practices Act. The Bribery Act is broad in scope and will have implications not just for UK businesses, but for any foreign organizations having business interests in that country. The British government has recently released Guidance on the Act, intended to help organizations understand how it will work, and how to deal with the risks of bribery. But while the Guidance provides insights into how the Act might be interpreted, it does not give assurances. And while it suggests procedures that might be adequate, it does not set down rules.

When the Act comes into force, its provisions will impact not only companies and partnerships formed or incorporated in the UK, but all foreign organizations that carry out business in the UK. This audio conference presentation provides an overview of the provisions of the Act, and how they will impact US companies.