Clifford Chance
Update on the Bribery Act - Impact on natural resources companies
1 April 2011
The Ministry of Justice this week published its long overdue final guidance on anti-bribery compliance procedures. Consideration of this guidance is essential for any commercial organisations that want to maintain a defence to the new corporate criminal offence under the Bribery Act 2010 (the "Bribery Act" or the "Act") of failing to prevent bribery. At the same time, the Government has confirmed that the Bribery Act will be brought into force on 1 July 2011. Joint guidance by the Director of the Serious Fraud Office and the Director of Public Prosecutions (the "Joint Prosecutors' Guidance") was also published this week along with the Ministry of Justice's guidance.
