On March 30, 2011, the United Kingdom (“U.K.”) Ministry of Justice (“MOJ”) issued its long-awaited guidance on the U.K. Bribery Act (the “Guidance”), the U.K.’s answer to the U.S. Foreign Corrupt Practices Act and domestic bribery laws. The implementation of the U.K. Bribery Act (the “Act”) has been delayed twice, but now will take place on July 1, 2011. Thus, the time has come for companies to assess their anti-corruption compliance programs and make adjustments to ensure that they address the nuances of the Act.
Continue Reading The Ministry of Justice Issues Long-Awaited Guidance On The U.K. Bribery Act
U.K. Bribery Act
2010 FCPA Year In Review
By Sheppard Mullin on
Posted in FCPA, U.K. Bribery Act
By Bethany Hengsbach and Anthony Moshirnia
Through enforcement, administrative action, and new legislation, the Foreign Corrupt Practices Act (“FCPA”) grew additional muscle and even sharper teeth in 2010. The U.S. government assessed nearly $2 billion in FCPA-related penalties and fines in 2010, and announced eight of the top ten FCPA settlements of all time.
Continue Reading 2010 FCPA Year In Review
U.K.’s Sweeping Anti-Corruption Legislation Increases Risk For Businesses
By Sheppard Mullin on
Posted in FCPA, U.K. Bribery Act
The United Kingdom’s answer to the Foreign Corrupt Practices Act (“FCPA”) has arrived. The UK Bribery Act 2010, which received Royal Assent on April 8, 2010, is…
Continue Reading U.K.’s Sweeping Anti-Corruption Legislation Increases Risk For Businesses