First Conviction under the UK Bribery Act 2010

From Dechert: “The UK saw its first successful prosecution under the new Bribery Act (“the Act”) on 14 October 2011. The Act entered into force on 1 July 2011 and the Crown Prosecution Service (“CPS”) has been quick to test the new legislation. This should be interpreted as a warning by the UK prosecutors of their intentions to use the new Act aggressively. The case is also a timely reminder to companies that their procedures must be sufficiently robust to demonstrate that employees and agents have been trained and are not susceptible to requests for bribes…”Read entire update»