DETAIL and Addleshaw Goddard hosts UK Bribery Act Seminar
DETAIL Commercial Solicitors and Addleshaw Goddard LLP, in conjunction with the British Deputy High Commission in Lagos, hosted a Seminar on the UK Bribery Act and the implications for business in Nigeria.
The UK Bribery Act 2010, which comes into force on the 1st of July 2011, introduces a wide reaching, new anti-corruption framework for the UK. These extra-territorial provisions of the Act have implications for any commercial organisation carrying on business in the UK or those with UK connections. Business entities may be prosecuted under the Act regardless of where the bribery takes place, and in addition to inevitable reputational damage, could face potentially significant fines or terms of imprisonment of up to 10 years.
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