The Bribery Act
Information clarity on The Bribery Act legislation.
After much long awaited time, the Government has stated it will NOT outlaw corporate hospitality. In fact, the new rules state that “The Act should not be used to prevent companies from entertaining customers”. This dispels the myth that corporate guests in breach of The Act may have been at risk for accepting corporate hospitality.
The Justice Secretary announced that ‘bona fide hospitality and promotions or other business expenditure that seeks to improve the image of a commercial organisation, better present products and services, or establish cordial relations and important part of doing business and it is not the intention of the Act to criminalise such behaviour’… This bring peace of mind under a common sense approach related to corporate entertainment for customers or suppliers.