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4th Meeting September 23rd 2010 Waterfront Bar Bistro, Ipswich

4th Meeting September 23rd 2010 Waterfront Bar Bistro, Ipswich The UK Bribery Act and the considerations for UK exporters – Birketts llp Special Guest appearance from Mr Damion Potter, Head of Commercial Section, British Embassy - Moscow. 23 rd September 2010. Agenda.

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4th Meeting September 23rd 2010 Waterfront Bar Bistro, Ipswich

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  1. 4th Meeting September 23rd 2010 Waterfront Bar Bistro, Ipswich The UK Bribery Act and the considerations for UK exporters – Birkettsllp Special Guest appearance from Mr Damion Potter, Head of Commercial Section, British Embassy - Moscow

  2. 23rd September 2010 Agenda 5pm – 5:25pm Networking 5:25 – 5:30pm Welcome by Jim Fanshawe 5:30 – 5:45pm “The Bribery Act 2010” – Leah Finnegan, Birkettsllp 5:45 – 6:00pm “Russia – a modern view” – Damion Potter, British Embassy - Moscow 6:00 – 6:10pm Any Questions? 6:10 – 6:15pm SITG Update – Jim Fanshawe 6:15 – 7pm Buffet & Networking

  3. THE BRIBERY ACT 2010 Leah Finnegan Birketts LLP

  4. WHY NEW LEGISLATION? Outdated and confusing legislation Difficult to prosecute Pressure from Organisation for Economic Co-operation and Development (OECD) to update laws

  5. KEY PROVISIONS Comes into force in April 2011 The Act applies to: all UK companies, partnerships, citizens or residents all foreign companies operating in the UK non UK persons where any part of the offence takes part in the UK

  6. OFFENCES Making a bribe – the ‘active offence’ the promise or giving of an advantage with the intention of inducing or rewarding the improper performance of a relevant function or activity. Receiving a bribe – the ‘passive offence’ The receipt or acceptance of an advantage for the improper performance of a relevant function or activity ‘Improper performance’ breach expectation of impartiality or good faith. Test is whether act breaches what would be expected by a reasonable person in the UK.

  7. OFFENCES (cont.) 3. Bribing a Foreign Public Official 4. ‘Corporate Offence’ of failing to prevent bribery A company can be held liable for the act of ‘ associated persons’ committing an act of bribery whilst acting on behalf of a company.

  8. PENALTIES Fines – unlimited Prison Debarment from public sector contracts

  9. AREAS OF RISK? Use of agents Facility payments Corporate hospitality

  10. GOVERNMENT GUIDANCE Sets out key principles for preventing bribery: Risk assessment Top level commitment Due diligence Clear, practical and accessible policies and procedures Effective implementation Monitoring and review

  11. NEXT STEPS Review or implement policies and procedures Board responsibility Employees Assess suppliers and sub-contractors

  12. Russia – a modern view Mr. Damion Potter Head of Commercial Section British Embassy - Moscow

  13. SITG Update • Website now ready!!! • www.sitg.org.uk • Get involved and use it! • Previous presentations for reference • Knowledge Database (still being populated) • Ask the experts forum • News Section(could contain SITG members news if appropriate)

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