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On 1 September 2016 Withy King LLP merged with Royds LLP. The trading name for the merged firm is Royds Withy King. All content produced prior to this date will remain in the name of the firms pre-merger.
Businesses asked for their views on the Bribery Act
Businesses are being invited to have their say about whether they feel that the UK’s anti-bribery legislation is too restrictive. It emerged a few weeks ago that the Government would consider making changes to its flagship Bribery Act, amid concerns …
Businesses are being invited to have their say about whether they feel that the UK’s anti-bribery legislation is too restrictive.
It emerged a few weeks ago that the Government would consider making changes to its flagship Bribery Act, amid concerns that the current laws might be hindering businesses who want to export products overseas.
There have also been concerns that several years since the new requirements came into force, many companies remain uncertain about their obligations.
In light of these challenges, the Department for Business, Innovation and Skills recently wrote to industry leaders asking what challenges the law had presented.
The Confederation of British Industry (CBI) is among the organisations who have welcomed the possibility that the legislation could be altered.
They have previously expressed fears that if UK businesses have to abide by rules which are far more stringent than those overseas, companies could be placed at a clear disadvantage.
Suggestions that certain requirements may be relaxed has however sparked concern among anti-corruption campaigners.
They argue that if ministers are seen to be watering down key parts of the legislation, this may undermine the UK’s international credibility and make it harder to argue for more transparency elsewhere.
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