Introduction of the Bribery Act postponed

14 February 2011

The Government has delayed the implementation of the Bribery Act because it is seeking to re-write the guidance notes for businesses because of the high level of ambiguity that the Act had introduced.

 

Prior to the Act being adopted, the UK had been criticised for its “archaic” legislation that had seen it plummet to 17th place in Transparency International’s Corruption Perception index.

The original guidance that was published was criticised by the Law Society for a lack of clarity when it failed to adequately define what companies would have to do in order to meet the requirements of the Act.

As of yet there are no indications when the new guidance will be published and consequently when the Act will enter into force.

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