The revised UK Bribery Act has forced buyers to refocus on thorough due diligence of prospective targets. And a new corporate offence means private equity owners should take particular care.
“Due diligence is absolutely key,” said Gavin Davies, a corporate partner at Herbert Smith in London. “It’s always been important but there’s renewed focus in the UK now because of the Bribery Act.”
The Act, which comes into force in April...