The New UK Bribery Act: A Legal Minefield for CEOs

May 20, 2011 - PRLog -- The UK Bribery Act that will take effect on July 1, 2011 will cause many sleepless nights for CEOs on both sides of the Atlantic.  The law is extra-territorial in scope, with broad application not only to British companies, citizens and residents, but also to public and private foreign companies doing business in Great Britain, regardless of whether the act or omission constituting bribery occurs in or outside the UK.  The burden of proof will be on the defendant, not the prosecution – a disturbing new trend in international law.

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About Timothy Ashby

Dr. Timothy Ashby, attorney-at-law, is CEO of Federal Regulatory Compliance Services, LLC. A former senior official with the US Commerce Department’s International Trade Administration, he was also an executive with Ernst & Young’s London-based International Privatization and Restructuring Services Group. He has a JD from Seattle University School of Law, a PhD from the University of Southern California, and an MBA from the University of Edinburgh, Scotland. Dr. Ashby is a Member of the UK Institute of Directors.

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