The UK Bribery Act 2010: a stretch too far?

The new UK Bribery Act will be brought into force in April 2011. You may think: so what, I am in Hong Kong? It is not, however, just UK companies that are at risk. Any overseas company carrying on a business, or part of a business, in the UK can commit the offence of failing to prevent bribery, irrespective of where the bribe is paid or received.
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Anti-Bribery and Corruption UK Bribery Act 2010: Implementation date announced

The UK Ministry of Justice (MoJ) announced on 20 July that the Bribery Act 2010 (the Act) would come into force in April 2011. The MoJ also announced that the Government would launch a short consultation exercise in September, on the guidance which it is required to publish on "adequate procedures". A commercial organisation must have such procedures in place, in order to raise a defence to a criminal charge under the Act of failing to prevent bribery.
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Update for International Financial Institutions

Claims for misrepresentation In Raiffeisen Zentralbank Osterreich AG v. Royal Bank of Scotland plc1 Christopher Clarke J provided a review of the law relating to misrepresentation. The facts concerned a sell-down by an arranging bank to a syndicate of a debt facility that it had put in place to assist in an accounting exercise by the ill-fated Enron group of companies. The claimant was a member of the syndicate which had purchased part of the debt from the defendant arranger.
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The Equality Act Comes into Force in the UK

The UK Equality Act (Act) came into force, for the main part, on 1 October this year. The Act draws together the different strands of UK anti-discrimination law, with the aim of simplifying the legal position, removing inconsistencies currently prevalent in various strands of discrimination law and making it easier for people to understand and comply with them.
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