Tuesday, 01 February 2011 00:00
Kenneth Clarke, Justice Secretary, has confirmed that the Bribery Act 2010, due to come into force in April 2011 will be delayed following concerns expressed by business leaders that it is confused and lacks clarity as to how businesses will be affected and how it will be applied generally.
Fears are that businesses will be harmed if proper clarity and guidance is not given and given the substantial penalties (a maximum of 10 years in prison and/or an unlimited fine) for committing an offence under the Act this could be disastrous for many small and medium size businesses.
Should you require assistance with how to protect your business and ensure you are compliant with the new legislation please contact our specialists on 01392 207020.