01 March 2011
Government 'relaxes Bribery Act legislation'
New rules and regulations on the business sector that were set to be brought about by the government's new Bribery Act are to be relaxed.
That is according to a report in the Daily Telegraph, which has stated that the Conservative-Liberal Democrat alliance has "bowed to pressure" from organisations in this sector by agreeing to add certain provisions which could allow them to avoid prosecution.
For example, the news source points to the fact that the "adequate procedures" firms now have to abide by in order to keep in line with the law will make allowances for "the use of so-called facilitation payments".
This means that officials will not be completely prevented from receiving payment to "perform a function he or she should carry out normally", as is the case under US law.
A legal expert commented that much of the act - which was granted royal assent in April 2010 - "will be welcomed by business".
Contact our business crime solicitors on 0800 916 9054 or email firstname.lastname@example.org if you would like advice on any business crime matter
Posted by Richard Saunders