The PRC State Council released for public consultation draft amendments (“Draft Amendments”) to the PRC Anti-Unfair Competition Law (“AUCL”), the first time after more than 20 years since the AUCL’s enactment.
On 27 January 2016, Transparency International launched its latest 2015 Corruption Perception Index. What has changed in Asia-Pacific?
With the steady increase of global regulation and enforcement across all industries in today’s commercial world, the conduct by companies of independent and credible internal investigations is swiftly being recognised as a standalone area of expertise
The recent judgment of the Hong Kong Court of Appeal (“CA”) discusses external work-related engagements by employees and the dangers of accepting payments for such engagements without an employer’s permission. It shows the limited scope of the “reasonable excuse” defence when facing bribery charges for accepting secret payments. Recent developments…
As two of the four female leaders of Baker & McKenzie’s Global Compliance & Investigations practice, we express in this article our view that gender-diversity in the boardroom is a valuable asset in the pursuit of ethical commercial practices.
On 20 October 2015, China’s national healthcare regulator published the Administrative Measures on Accepting Donations for Public Welfare by Healthcare Entities which revise earlier rules on healthcare donations and provide an endorsement of their legitimate purposes.
China’s Ninth Amendment to the PRC Criminal Law was adopted on 29 August 2015 and becomes effective on 1 November 2015. The Ninth Amendment introduces stricter measures on bribe-givers. Under this new regime, individuals and organizations involved in corrupt activities will also be subject to tougher sanctions.
Effectively managing corporate compliance efforts in today’s regulatory environment–preventing corporate officers and employee from engaging in illegal practices, while also addressing a wide array of other compliance and risk management concerns–presents a major challenge to multinational companies with extended enterprises. Although enforcement guidelines around the world vary in length, tone…
Why Should Financial Institutions, Hedge Funds And Private Equity Firms In The Asia Pacific Region Be Concerned About These Regulations In recent years, compliance risks associated with the U.S. Foreign Corrupt Practices Act (“FCPA“) and the U.K. Bribery Act (“BA“) have intensified. U.S. regulators have vigorously enforced the anti-bribery provisions…