The UK Bribery Act: Implications for the Oil and Gas Industry April 17, 2012

The Bribery Act in the UK has come into force on 1 July 2011. It amends and reforms the UK criminal law and provides a modern legal framework to combat bribery in the UK and internationally. This Act represents the biggest changes to UK laws in this area of business and commerce for many generations.

The Act introduces a new crime of "failure to prevent" bribery which means that companies unable to demonstrate that they have implemented "adequate procedures" to prevent corrupt practices within their ranks or by third parties on their behalf, could be exposed to unlimited fines as well as other collateral consequences, such as debarment from government business

For further information and the opportunity to register online please visit www.smi-online.co.uk/ukbriberyact12.asp