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UK government lifts ban on official contracts for Bain

UK government lifts ban on Bain & Co from bidding for official contracts following its role in a major South Africa corruption scandal after less than eight months.

  • UK government lifts ban on Bain & Co from bidding for official contracts.
  • Ban was introduced in August last year over Bain's role in the 'state capture' scandal in South Africa.
  • Bain had launched a legal challenge against the ban and the UK government agreed to improve its corporate governance.
  • The ban will remain in place for Bain's South African arm.
  • The UK was the first western country to impose a ban on official contracts on Bain.
UK government lifts ban on official contracts for Bain
Global management consultancy had been barred in August due to its role in a South Africa corruption scandal

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