The long arm of the [British] law

BAE beware:

Your company may be American but if it brushes up against the United Kingdom, it could be subject to the long arm of broad new British bribery rules.

The U.K. Bribery Act, which came into effect July 1, can be enforced on foreign companies and individuals who carry on a part of the business in the United Kingdom, even if the bribery took place in another country.

It not only holds individuals and companies liable for unlimited fines and 10 years jail time for bribing on the company’s behalf, but it also holds them accountable for failing to prevent bribery. “Someone” could be an agent of the company.

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3 Responses to “The long arm of the [British] law”

  1. Mark in Mayenne September 2, 2012 at 16:46 Permalink

    Don’t the yan…. Americans have something very similar?

  2. ivan September 2, 2012 at 16:57 Permalink

    If your company is quoted on the US stock exchange then it becomes subject to US company laws so what is the difference?

  3. James Higham September 2, 2012 at 23:29 Permalink

    No worse than double taxation, which is criminally invalid.

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