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04 June 2009 / Andrew Berkeley , Justin Michaelson
Issue: 7372 / Categories: Features , Commercial
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Positive steps

The draft Bribery Bill is a step in the right direction, say Justin Michaelson & Andrew Berkeley

The boundary edges of good business are sometimes blurred in the name of competitive advantage and it is not right, nor is it fair, for one business to be favoured over another simply because that business paid a bribe. The draft Bribery Bill, which arose out of a lengthy consultation process involving a full report by the Law Commission (Reforming Bribery) is a positive step to improve public trust in international business and seek to maintain a level playing field in the international marketplace. But a level playing field works both ways.

As far as the UK is concerned, the government hopes to tighten up the regime with the new Bribery Bill. The US has led the way for decades, with the Foreign Corrupt Practices Act 1977 (FCPA), and later the international community with the Organisation for Economic Co-operation and Development (OECD) Convention on Combating Bribery of Foreign Public Officials (the Convention).

The UK is in

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MOVERS & SHAKERS

Carey Olsen—Patrick Ormond

Carey Olsen—Patrick Ormond

Partner joinscorporate and finance practice in British Virgin Islands

Dawson Cornwell—Naomi Angell

Dawson Cornwell—Naomi Angell

Firm strengthens children department with adoption and surrogacy expert

Penningtons Manches Cooper—Graham Green

Penningtons Manches Cooper—Graham Green

Media and technology expert joins employment team as partner in Cambridge

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