The following Practice Compliance precedent provides comprehensive and up to date legal information covering:
The Bribery Act 2010 (BA 2010) came into force on 1 July 2011. BA 2010 applies to any business incorporated or trading in the UK and covers bribery committed on its behalf anywhere in the world. It is substantially broader than previous anti-corruption legislation.
BA 2010 makes it explicit that individuals are prohibited from paying or accepting bribes. There is a specific offence of bribing a foreign public official. In addition, a business now commits an offence where bribery is committed on its behalf, unless it has in place adequate procedures to prevent bribery. What constitutes adequate procedures is not defined by BA 2010; it is for businesses to make their own assessment of adequacy. Guidance issued by the Ministry of Justice (MoJ) confirms we need to have in place a robust and enforced policy prohibiting bribery and corruption that everyone is aware of.
I therefore attach, for your approval and comment, a[n] [Group] anti-bribery and corruption policy. The policy, which applies to all our businesses, carri
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On 29 August 2015, the Prudential Regulation Authority (PRA) published the PRA Rulebook (Rulebook). The transition from the Handbook to the Rulebook was intended to benefit PRA-authorised firms, to access clearer and more concise rules. Alongside the Rulebook, supervisory statements and statements
This Practice Note considers the meaning and use of conditions precedent in commercial arrangements. It also considers typical conditions precedent and drafting issues.What are conditions precedent?A condition precedent in a commercial contract details an event which must take place before:•a
On the disposition of a property (whether by way of conveyance, transfer or charge), the party making the disposition will normally provide a title guarantee which implies standard form covenants for title. A landlord may give a title guarantee when granting a lease, but this is rare in practice.
An ad hoc arbitration is any arbitration in which the parties have not selected an institution to administer the arbitration. This offers parties flexibility as to the conduct of the arbitration, but less external support for the process. It can be quicker than institutional arbitration but not if
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