China has launched the “two-invoice” system in drug distribution on a trial basis, aiming to improve transparency in drug prices and eliminate excessive profit margins associated with multi-tier distribution models.
Transparency International has launched its latest 2016 Corruption Perception Index. China’s ranking continues to improve, moving up by four places from last year’s rank of 83 to a rank this year of 79. Find out more about the other highlights.
Hong Kong: Court Confirms a Heightened Need for Disclosure in Disqualification Proceedings Against Directors
The Court of First Instance of the Hong Kong High Court ordered the Securities and Futures Commission to produce relevant documents obtained in its investigations to respondents of disqualification proceedings.
Baker McKenzie has created a one of its kind Anti-Corruption Risk-Map. The risk maps provide information on primary anti-corruption legislation and enforcement agencies, offences, defences and penalties in 55 countries.
After much anticipation, the Chinese legislature finally passed the Cybersecurity Law on 7 November 2016, and the CSL will come into legal effect on 1 June 2017. The CSL is the last of the trio of laws focusing on cybersecurity, after the National Security Law and the Anti-Terrorism Law.
After several years of development, involving input from over 50 countries, the International Organisation for Standardisation (ISO) has finally published ISO 37001: Anti-Bribery Management Systems Standard - a new international standard designed to assist organisations worldwide in implementing and maintaining effective anti-bribery systems.
The United States Court of Appeals for the Second Circuit in New York has vacated and reversed a $147 million antitrust verdict against a Chinese vitamin C manufacturer and its holding company, ruling that the district court should have granted Defendants’ original motion to dismiss.
China: New Rules Broaden Definition of Electronic Data and Clarify Procedures for Data Collection...
On 9 September 2016, the Supreme People’s Court, the Supreme People’s Procuratorate, and the Ministry of Public Security of the People’s Republic of China jointly issued the New Rules on Electronic Data Collection, Extraction and Review in Criminal Cases
Baker & McKenzie released the 2016 edition of its Global Overview of Anti-Bribery Handbook. You can read the Handbook for free on Global Compliance News.
The Supreme People’s Court and the Supreme People’s Procuratorate’s have released the Interpretation of Several Issues Concerning the Application of Law in Handling Criminal Cases Related to Graft and Bribery which includes clarifying sentencing criteria for official and commercial bribery offences.