Our UK office has sent us a clipping from a story early January in the London Daily Standard regarding a law that takes effect in April. It prohibits gifts given to business contacts that could be construed as a bribe or kickback in return for favoring the business. The examples given are the typical over-the-top ones: golf trips, cases of champagne, etc.
We're trying to make sure we understand the law from our perspective out here on the U.S. west coast. Particular questions (which aren't strictly web related) are:
- We offer a referral program: if you set up a meeting between us and a company with a need for our product, we'll pay you a $500 finder's fee (and possibily a percentage of the final deal).
- We typically send c-level executives an offer of a fairly pricey mobile device if they'll meet with us for 45 minutes. There's no other obligation; it's just a meeting starter.
Does anyone have direct experience with programs being adjusted to fit this law? Any links to resources or tips? Any London-based legal firm you could recommend for consultation?
Uk Anticorruption Law Coming In April
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