UK firms under threat from new Bribery bill

first_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastNoteabley25 Funny Notes Written By StrangersNoteableyMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBemoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comPeople-TodayWoman Files For Divorce After Seeing This PhotoPeople-TodayElite HeraldExperts Discover Girl Born From Two Different SpeciesElite Herald Share whatsapp Wednesday 15 September 2010 8:06 pm KCS-content center_img THE Ministry of Justice (MoJ) launched a two-month consultation on the Bribery Act to help companies prepare for new legislation due to come in next April.A consultation period with industry bodies kicked off yesterday and will run until the beginning of November. The government said that it plans to publish the responses in early 2011.The consultation covers corporate hospitality and promotional expenditure. Firms have been concerned that the wording in the act was too broad, leaving large international companies vulnerable to bribery charges, especially when it came to entertaining clients and business partners.Others fear that strict new legislation currently threatens to put UK companies and those doing business in the UK at a competitive disadvantage“That the government has now issued draft guidance is welcomed. The guidance is, as expected, based on principles. Although it doesn’t solve some of the problems, especially concerning the bribery of a foreign official, it is positive that some guidance has been provided on that point,” said Simmons and Simmons lawyer Patrick Boylan. UK firms under threat from new Bribery bill Show Comments ▼ More From Our Partners A ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgMark Eaton, former NBA All-Star, dead at 64nypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child supportnypost.com‘The Love Boat’ captain Gavin MacLeod dies at 90nypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comInside Ashton Kutcher and Mila Kunis’ not-so-average farmhouse estatenypost.com Tags: NULLlast_img read more