Bribery Act Experts Discuss the Impact of Brexit, DPAs and Other U.K. Developments

In the five years since the U.K. Bribery Act took effect, there have been few prosecutions but, according to Pinsent Masons partner Barry Vitou, speaking at a recent Securities Docket webinar, now is “exactly the wrong moment” to become complacent about compliance. In fact, after the webinar, on July 8, 2016, a judge approved a deferred prosecution agreement between the Serious Fraud Office and an unnamed company to resolve bribery charges in a case that is ongoing against individuals. Vitou, along with Julian Glass, a managing director at FTI Consulting, Richard Kovalevsky QC and Vivian Robinson QC, a partner at McGuireWoods and former general counsel to the U.K.’s Serious Fraud Office, discussed recent developments in the U.K. of concern to companies, including the impact of Brexit on anti-corruption compliance and the SFO’s use of DPAs. See “SFO’s Alford Discusses Enforcement Priorities, Deferred Prosecution Agreements and Corporate Criminal Liability” (Jun. 15, 2016).

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