UK Bribery Act: UK Companies to Be Cautious when Embarking on Joint Ventures with European Allies

UK Bribery Act: UK Companies to Be Cautious when Embarking on Joint Ventures with European Allies – The Geopolitics ...Middle East

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British legislation is restrictive, demanding and compels UK companies to exercise utmost vigilance in partnerships with foreign businesses, as they might bear the consequences of practices occurring elsewhere. In an ironic post-Brexit paradox, British companies may actually find themselves more at risk from dubious industrial partnerships with foreign companies due to more stringent British legislation. The UK Bribery Act came into force back in April 2011, aiming to introduce stringent liability for commercial organisations “whose service providers (called ‘associated persons‘) engage in bribery unless the organisation has adequate procedures in place to prevent it.” The far-reaching obj

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Last updated : 03 February 2024 clock 08:45 PM

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UK Bribery Act: UK Companies to Be Cautious when Embarking on Joint Ventures with European Allies – The Geopolitics ...Middle East

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