Uh oh. Stop me if you’ve heard this story before: foreign multinational, State-dominated industry sector, and State-owned enterprises. Corruption? You better believe it’s possible. We won’t know whether this particular smoke will lead to an actual fire, but at this point, it doesn’t look like the allegations concerning bribes from Rolls-Royce to an executive at [...]
You know, the law changes rapidly. Things like bribery and insider trading, well, it’s hard to keep up with what’s still illegal these days.
Small-time administrative corruption seems to be getting worse in China. Does this tell us anything about enforcement efforts? What should be prioritized?
With an income gap, privilege and corruption, there is an automatic presumption against meritorious advancement. This is bad news for China’s hi-tech economic development plans.
From now on, let’s just assume that regulators all over the world are comparing notes about your activities.
Want to know what a typical China FCPA case looks like? This one’s ready made for the classroom.
Corruption in the property sector is a huge problem that is contributing to the real estate bubble. Will new rules help, or is the problem endemic to the sector?
Nice post at CLB by Dan on success tips for foreign companies that wish to sell to the Chinese government. The original article was by law firm Reed Smith (which bought out a Hong Kong/Beijing law firm a year or so ago), in which they set out several very good pointers for enterprises wishing to [...]
Bribe-taking among Rio Tinto’s Shanghai iron ore executives was more extensive than previously thought and may have undermined the company’s revenue, court documents show. Judge Liu Xin’s written verdict in the trial of Australian Stern Hu and three Chinese colleagues lays out in forensic detail how they sought, received and sometimes laundered huge personal gains. [...]
I actually have mixed feelings about this case. First the facts: Nine journalists from eight media organizations have received jail sentences ranging from one and half years to 16 years for taking bribes to cover up a deadly coal mine accident in north China, the General Administration of Press and Publication (GAPP) announced Tuesday. (Xinhua) [...]
This is the top China story of the day, and since it also involves a legal topic, I sort of feel obligated to chime in. Despite the copious amount of press coverage, though, I don’t really think this case is all that important in the grand scheme of things. I can’t say that I agree [...]