12th April 2011
Three months late, on the 30th March, the UK Government published guidance to accompany the UK Bribery Act and help commercial organisations interpret the act.
The guidance finally puts to rest the increasingly high-pitched media protests focusing on the bill's potential impact on corporate entertainment.
We have argued that these concerns were overplayed and have been strong supporters of the bill as a tool to help ensure that the UK remains an attractive place in which to do business.
So what does the guidance tell us, and did the delay impact on the Act's integrity? The answer to the latter question has been mixed.
It would seem that whilst the government has helped to clarify the grey area of what corporate hospitality would be deemed illegal, it has created another area of ambiguity with regard to the Act's applicability to foreign companies.
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