On 1 July 2011, the Bribery Act came in to force. It has introduced a new corporate offence of failure to prevent bribery, which can apply to your activities in the UK and worldwide. It can apply whether you are a UK company, or incorporated elsewhere with a business presence in the UK. It can impose personal criminal liabilities on directors and other senior officers.
Corporate hospitality is not exempt from the Act but does not generally involve any incentive or reward for improper conduct. As a result, most cases of reasonable (as opposed to lavish) hospitality aimed at fostering and cementing relationships will not trigger an offence.
Pinsent Masons' specialist team can help you to navigate through the legislation and provide advice on anti-corruption compliance steps to ensure you are adequately protected.
Contact Barry Vitou (Partner) or Neil McInnes (Senoir Associate) for further advice: 020 7490 7000.