The UK Bribery Act 2010 - Impact in the UAE
Much has been said and written recently about the UK Bribery Act 2010 ("the Bribery Act"). In the absence of legislative guidance, comment has tended to focus on the extremes, leading some to criticise apparent scare-mongering on the part of lawyers in particular. Following the issue of guidelines by the UK Ministry of Justice on 30 March 2011, Jerry Parks of Taylor Wessing's Middle East office casts an impartial eye over the essential elements of the legislation.
What is the Bribery Act 2010?
The Bribery Act, which is due to come into force on 1 July 2011, introduces new and comprehensive measures to prevent corruption by individuals and companies. It will have a wide-ranging effect, encompassing (i) all commercial organizations with UK business connections, (ii) all British citizens and (iii) all individuals ordinarily resident in the UK. The intention is that businesses with a UK connection must now adopt a transparent, “zero-tolerance” regime.
Lawyers Jerry Parks
