The New Bribery Rules/Donation/charity

25th January 2013
The New Bribery Rules/Donation/charity image

The New Bribery Rules/Donation/charity

The implications of The Bribery Act 2010 are now starting to affect the way various firms or Companies undertake business.  Those of you interested in the topic may have noticed the article in the Times on the 5th November 2012.  This reported that a top London law firm was suggesting that international firms operating in countries where corporate political donations are illegal could be affected because the Bribery Act encourages formal internal policies on donations.

The Act defines bribery in a very broad way namely, as a gift or donation intended to “induce a person to perform improperly, a relevant function or activity”.  Companies can be held legally responsible for donations given by staff if a Court believes the money was given on behalf of the business.

Many businesses are still trying to wade their way through the implications of the Bribery Act 2010 and it is as yet unclear as to how the Courts will interpret this relatively new legislation.

It is not, of course, just political donations which are of concern but also charitable donations.  Also of concern is whether, and to what extent Corporate Hospitality may be regarded in certain circumstances as a “bribe”.

Any business which wished to run its business with integrity must ensure that it has proper procedures and policies in place to avoid falling foul of the Bribery Act.  Bribery may be committed by a firms staff, partners or directors or indeed anyone authorised to do things on the business’ behalf; representatives and other third parties who act on a business’ behalf; suppliers of the business and clients or customers of the business because they might try to induce a representative of the business to give them more favourable terms.

It is important all businesses have an Anti-Bribery and Corruption Policy and that all staff are trained with regard to the policy.

Should you require any assistance in drafting an appropriate policy tailor made for your business then please contact Gemma Mayer  on 01775 722261 or email gemma.mayer@maplessolicitors.com


How Banks are Cashing in on Wills image

How Banks are Cashing in on Wills

Recent headlines have reported how banks are now cashing in on Wills.

During the 1990s and early 2000s, banks offered customers low cost Wills (or sometimes even free Wills) but the small print allowed the bank to charge extortionate rates to act as Executors. It is reported that banks are expecting billions of pounds of revenue from their Will writing services and administering estates and in some cases their fees have been over £12,000 to administer an estate as they look to charge a fixed fee PLUS a percentage of the deceased’s wealth.

If you or a loved one has made a Will through a bank we would urge you to check who you have appointed as Executors and check any small print which you may have signed. If you are unsure then please speak with one of our lawyers in the Wills and Probate team who can look at your existing Will with you. It may be appropriate to make a new Will which revokes any previous Will you have made which could save your family thousands of pounds when your estate needs to be administered.

In the majority of cases, when someone has passed away we can provide the family with a quote of how much the legal fees will be so that there are no nasty surprises once the administration is complete.

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Jamie Dobbs ACILEx

Over the last forty years I have cause to deal with many law firms both in a personal and professional capacity, including some ‘top’ London Companies. In all of those dealings I have never found anyone as proactive and so willing to offer help and advice as Jamie Dobbs. During the last two years Jamie guided my parents through the completion of Lasting Powers of Attorney. Helped myself with the use of the LPA and recently dealing with Probate and Estate Administration following their death.

Mike Pepper MA

Mike Pepper gave us excellent advice. He was always most helpful and accommodating giving lucid explanations every step of the way. Thank you Mike.

Claire Smith FCILEx

Claire Smith has been amazing in every way. I highly recommend her and I am so grateful for all her help. She’s professional on all levels, reliable, extremely organised and I will be recommending her to everyone. I’m very lucky to have had her representing me and I can’t thank her enough. She is an asset to Maples. Thanks so much Claire!