The European Parliament's Legal Affairs Committee (JURI) voted in favour of a draft directive on 18 September to introduce stronger reporting standards on payments made by extractive companies to foreign governments. read more
|
We’d like to welcome you to our new firm, Edwards Wildman Palmer LLP. On August 15, the law firms of Edwards Angell Palmer & Dodge and Wildman, Harrold, Allen & Dixon announced they would officially merge on October 1 – and here we are! read more
|
Deloitte Financial Advisory Services LLP has published results of a survey in which 73 percent of the more than 1,000 business professionals surveyed said they aren't yet familiar with the provisions of the UK's sweeping legislation. read more
|
The law of bribery in England and Wales is widely regarded as outdated and uncertain. The Government has been under significant international pressure to revise and simplify the law, in particular from the Working Group responsible for monitoring compliance with the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions, to which the United Kingdom is signatory. read more
|
We have previously reported here that the implementation of the Bribery Act, 2010 (the Act) was to be delayed until after guidance on the Act has been issued. read more
|
Section 7 of the Bribery Act 2010 (the Act) introduces the corporate offence of failing to prevent bribery and attracts an unlimited fine. read more
|
On Monday 31 January, the Ministry of Justice confirmed reports that the implementation of the Bribery Act (the Act), due to take place in April, would be delayed. read more
|
Following complaints by some of Britain's leading businessmen, a review of the new Bribery Act has been ordered by the Prime Minister's office, just weeks before it is due to come into force. read more
|
The world's leading non-governmental anti-corruption organisation, Transparency International, has published guidance on how the UK Bribery Act will impact upon supply chains, with sample policies and procedures. read more
|
In early December 2010, the Financial Markets Law Committee (FMLC) published an analysis of uncertainty around the Bribery Act 2010, and in particular the Ministry of Justice's draft guidance about the offence of a commercial organisation failing to prevent bribery. read more
|
We have reported previously on the consultation launched by the Ministry of Justice (MoJ) on guidance about procedures that commercial organisations should put in place to prevent bribery. read more
|
On 6 October the House of Representatives passed a law giving anti-corruption officials greater powers to investigate and prosecute crime. read more
|
On 10 October, Minister of Public and Administration, Richard Baloy, announced new measures to clamp down on corruption within the public sector. read more
|
The law of bribery in England and Wales is widely regarded as outdated and uncertain. read more
|
In 1977, United States of America introduced the Foreign Corrupt Practices Act (the FCPA) for the purpose of making it unlawful for certain classes of persons and entities to make payments to foreign government officials to assist in obtaining or retaining business. read more
|
A new global access to information initiative was launched to mark World Press Freedom Day on 3 May 2010. read more
|
The Anti-Money Laundering Bill which came before the Ugandan Parliament in 2009 looks set to become law. Uganda has come under heavy criticism for being slow to act on this issue where neighbouring countries such as Kenya, Tanzania, Rwanda and Burundi have all approved legislation already. read more
|
The Terrorist Asset-Freezing (Temporary Provisions) Act 2010 received Royal Assent on 10th February 2010. read more
|