Completion will be a significant milestone in any transaction, however it is important to bear in mind that there will still be much to do in order to best ensure that the deal will be a success. Arguably, much of the hard work will have been done, however...
With the implementation of the Bribery Act 2010, commercial organisations are now required to assess whether they have adequate procedures in place to ensure that they are not involved in bribery and corruption.
Failing to do so could expose businesses to liability under the Bribery Act. If a business already has an anti-corruption policy in place, this should be reviewed periodically to ensure that it is fit for purpose. The details of the policy will vary significantly depending upon the company, and include considerations such as: the size of the company, the value of the transactions that they deal with, the jurisdictions in which they operate, and the degree of risk. As the extent to which these will apply depend upon the individual needs of a business, it is important that businesses have a policy in place that is tailored to them.
BakerLaw we can provide a holistic service with our employment and immigration colleagues to ensure that all aspects of your business are covered.