UK Bribery Act of 2010 – Risks for Foreign Companies
UK Bribery Act
For business entities outside the UK, particular emphasis should be made on the fact that foreign companies could also be concerned by this law if sufficient business relations exist with the United Kingdom. Substantial business activities, maintaining a branch office or a permanent establishment in the UK or incorporation under the legal form known in Germany as the "English Limited" may be sufficient to constitute such a relationship. As a consequence, e.g., fines could be imposed against a German company if one of its employees commits an act of corruption, and the company has not established adequate procedures to prevent such acts.
It is expected that these changes will come into force in April 2011.
Further information is available in our currently updated summary (current status as of November 2010).
Our contacts are gladly available to answer your questions at telephone number +49 89 76906 0.
