Global application of UK Bribery Act 2010 - potential impact on shipping

摘要

The Bribery Act entails potential difficulties for companies worldwide, including ship owners, as its provisions on paying and receiving bribes, including bribery of foreign public officials, and anti-corruption compliance provisions for commercial organisations apply extraterritoriaIly and not only to companies based and offences taking place in the UK. The United Kingdom Bribery Act 2010, originally scheduled to enter into force in April 2011, (now delayed pending finalisation of the accompanying guidance provisions) has potentially severe consequences for international trade and the shipping sector worldwide.