Legal Aspects of Business

This presentation discusses the legal aspects of business, focusing on the implications of bribery. It explores whether a company's hospitality at events can make them criminally liable for bribery. Recommendations are provided to avoid future allegations. References are included.

Legal Aspects of
Business

TABLE OF CONTENT
 INTRODUCTION
 MAIN BODY
 CONCLUSION
 REFERENCES

INTRODUCTION
 Legal aspects basically mean that the accounts and books should depict appropriate
legal position of any company.
 Present report will lay emphasis on G Ltd who are specialised in providing the personal
protective equipment.
 It has also been analysed that the company is considering the possibility of hosting
much more extravagant events.
 Report will lay focus on Whether the hospitality provided by G Ltd for guests at the
Cheltenham Festival event might make it criminally liable for bribery

G Ltd for guests at the Cheltenham Festival event
might make it criminally liable for bribery
 A person can be held guilty if they are been involved in any of the
cases which is mentioned below:
 A person provides financial advantage or any other sort of advantage
to other person
 The advantage is been intruded by the person because of the
following reasons:
 • To motivate a person so that they can perform inappropriately
 • To reward a person when they have miss-conducted any
activity or task

Whether G Ltd.’s plans to expand its corporate
entertainment program may give rise to allegations of
bribery
 It has been analysed that under this act Corporate hospitality and gifts are not been
completely prohibited.
 But there are chances that if these gifts go beyond the excessive limit like G Ltd is
planning to do and all this is being done as an effort to enhance a company’s image,
brand reputation maintaining better consumer relationship, or promote a business’
goods and services, then a corrupt inference might be drawn.

Recommendations to avoid future allegations
of Bribery
 There are various steps that needs to be taken by G Ltd in order to overcome
and get safe from the future allegations of Bribery.
 As it has been analysed from the act that giving corporate and hospitality gift
beyond their excessive limit, might bring charges to them for bribery.
 The gifts which are reasonable is being accepted under the act

CONCLUSION
 From the above study it has been summarised that If any company is been involved in taking
bribe they can be sued and also, they can be charged with high amount of penalty.
 It has been analysed that giving someone the financial advantage to change their decision
can also be considered as the act of bribe.
 Any individual who is been involved in doing so can be sued and also can be held criminally
liable.
 It has also been analysed that this included hospitality and corporate gifts to beyond
excessive level.

REFERENCES
 Trautman, L.J. and Kimbell, J., 2018. Bribery and Corruption: The COSO Framework,
FCPA, and UK Bribery Act. Fla. J. Int'l L., 30, p.191.
 Kim, S., Rees, W. and Sila, V., 2020. Do anti‐bribery laws reduce the cost of equity?
Evidence from the UK Bribery Act 2010. Journal of Business Finance & Accounting, 47(3-
4), pp.438-455.
 Begum, A., 2020. Corruption in business: A critical appraisal of the Australian regulatory
regime in the light of the UK Bribery Act 2010.
 Sobiecka, M., 2017. United Kingdom’s Bribery Act 2010 from the perspective of non-UK
entities. Gdańskie Studia Międzynarodowe, 15(1-2), pp.187-195.

THANK-YOU