Overview

The long awaited Bribery Act received Royal Assent on 8 April and the Ministry of Justice has recently announced that the Act will come into force in April 2011.

This development along with the SFO's enforcement push in this area, notably significant fines against two corporate entities, an announced agreement with BAE and a number of civil recovery orders against others, highlight the need for firms to ensure that they are taking all necessary steps to mitigate the risk of corruption.

With the new Bribery Act comes the new corporate offence for organisations which fail to prevent bribery by those acting on their behalf.

This article highlights the two main risks for private equity.

To read it click ‘View Briefing’