The introduction of "failure to prevent" bribery means that companies unable to demonstrate that they have implemented "adequate procedures" to prevent corrupt practices within their ranks or by third parties on their behalf, could be exposed to unlimited fines as well as other collateral consequences, such as debarment from government business from which you can expect to take away measures to protect your business from such enforcements under the expert guidance of Barry Vitou, Partner - Strategic Business Services and Neil McInnes, Senior Associate - Strategic Business Services from Pinsent Masons. Fines levied against the energy sector for bribery violations top $2 billion and dwarf other sectors. This Masterclass will look at the last 9 months with a focus on the Oil and Gas sector, and will provide you with tuition and advice on maintaining a strong corporate defence strategy.
Why attend The UK Bribery Act: Implications for the Oil and Gas Industry?
• Say up-to-date with the UK Bribery Act, reputed to be the most stringent anti-corruption legislation in the world
• Hear details of the new offence: failing to prevent bribery
• Learn how to deal with countries and Governments with high propensity for corruption
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