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Stephen Fox (Senior Partner) The Bribery Act is due to come into force in April 2011 with a short consultation period which will begin and conclude some time before that date. The Act introduces four new offences: 1. Active bribery including giving or offering a bribe in the private or public sector 2. Passive bribery including agreeing…

A very interesting case came in for my attention this morning. A  retired former shareholder/director of a private limited company was very concerned. Back in 2006 he had managed to dispose of his 50% shareholding in the company under what is known as a “share buyback. The price was quite substantial and would provide him…