The UK Bribery Act — Britain’s New Legal Landscape

Nick Kochan and Robin Goodyear

Chapter 4 in Corruption, 2011, pp 74-88 from Palgrave Macmillan

Abstract: Abstract The UK Bribery Act came into force three months after guidance from the Ministry of Justice was published. The Act creates four main offenses. It criminalizes both demand-side (the act of demanding, asking for, or agreeing to accept a bribe) and supply-side (giving, promising to give, or offering a bribe) bribery. It creates a separate offense of bribery of a foreign public official, and a new corporate offense of failure to prevent bribery. This last offense criminalizes a corporate that fails to prevent bribe paying by those who perform services on its behalf. It is an absolute defense to this “failure to prevent” offense if the corporate can demonstrate that it had adequate procedures in place to prevent bribery.

Keywords: Fiduciary Duty; Corporate Entity; Economic Crime; London Stock Exchange; Adequate Procedure (search for similar items in EconPapers)
Date: 2011
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-34334-4_5

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230343344

DOI: 10.1057/9780230343344_5

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().