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UK companies are underestimating strength of anti-corruption measures in offshore destinations.

London, UK - Global business is at risk of dividing into a Premier League of companies which will win contracts internationally and a second division which will struggle to operate outside their home country and unattractive, high-risk jurisdictions, according to a leading London lawyer who has examined the impact of the 2010 Bribery Act over the three months since it became law in July this year.

According to Steven Beharrell, a Partner with Fasken Martineau in London, a “significant number” of UK-based exporters and trading companies are citing the Bribery Act as one of their motivations for actively exploring moving their operations to other jurisdictions.

Mr. Beharrell stated that "many of these companies are over estimating the burdens associated with the new legislation and underestimating the rigor of anti-bribery laws in popular...

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