Leaked government documents suggest that the U.K. Ministry of Justice has taken measures to radically weaken the jurisdictional reach of the country’s new bribery act, which could in turn reduce the work generated by the proposed law for U.S. white-collar lawyers when it takes effect.
A draft copy of the new guidance, first obtained by The Guardian, reveals that international companies with London Stock Exchange listings but no other presence in the United Kingdom will be exempt from prosecution under the act.
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