National broker welcomes Bribery Act delay
JLT’s D&O liability team has welcomed the delay to implementation of the Bribery Act claiming there is too much uncertainty around the Act.
Speaking about the delay, Kurt Rothmann, partner at JLT, said: "The Act consolidates the existing common and statute law and the draft guiding principles issued by the Ministry of Justice are in essence good business practice. However, clear concerns have been voiced around several aspects, including particularly the new offence of failing to prevent bribery and the extra-territorial effect of the Act.
"Not only are companies concerned about the effect of the Act on their competitiveness in
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