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Reviewing Bribery Act, Lawmakers Have Multiple Options to Answer Critics
By Vanya Dragomanovich
printBritish companies hoping for a compliance reprieve from the U.K.'s key law against bribery could have a long wait ahead of them, with no promise of getting what they've asked for, say attorneys. In March, the House of Lords recommended that Parliament review the 2010 U.K. Bribery Act, a law that banned companies from paying to win lucrative contracts abroad. The law went a step further than its sister legislation, the U.S. Foreign Corrupt Practices Act (FCPA), by also prohibiting so-called "facilitation payments." The review is driven by businesses that have lobbied heavily against the compliance burden imposed by the...
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