Preparing for the implementation of The Bribery Act 2010

Bribery Act 2010

The Bribery Act 2010 is expected to be fully implemented in 2011. A recent case highlights the importance for business of ensuring they have adequate procedures in place to prevent corruption on their behalf. 
BAE Systems plc was fined £500,000 plus £225,000 in costs after pleading guilty to failing to keep adequate accounting records.

Additionally, it will make a voluntary payment of £30 million, less the fine imposed by the court, "for the benefit of the people of Tanzania".
Although this case concerned a multinational company, its principles apply to businesses of every size. If the Bribery Act was in force, BAE could have been prosecuted for failing to prevent bribery by an associated person on its behalf, the penalty for which is an unlimited fine.

This checklist sets out the new offences under the Bribery Act and provides some practical steps for businesses to take to help them avoid breaching it.

For further information, please contact out Dispute Resolution Team.

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O'Neill Patient Solicitors LLP
Chester House, 2 Chester Road, Hazel Grove,  Stockport, Cheshire, SK7 5NT

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