Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.
Since the late 1990s, companies conducting business in China have experienced a surge in enforcement of anti bribery legislation, ranging from significant enforcement of Chinese domestic laws to FCPA for U.S. companies. As an example of the enforcement activity by the Chinese government, the country's Central Discipline and Inspection Committee takes action against approximately 180,000 officials annually, with an estimated 15%-20% of them for corrupt activities. This past April, the UK passed the Bribery Act, which imposes severe penalties on British violators for any bribery, not just those of government officials, in China and worldwide. In-house counsel for corporations conducting business in the world's fastest-growing market should take heed of these legislative and enforcement shifts, as well as the slowly evolving cultural mores in the new China.
Today's China is experiencing what I call a “corruption dichotomy.” There's a Chinese proverb that illustrates the historical blind eye to corruption: “The mountains are high; the emperor is far away.” That notion was recently quantified by Dr. Pei Minxin of Carnegie Endowment for International Peace, who estimated that corruption in China amounts to about 3% of GDP and that the chances of getting caught, convicted and being jailed for bribery is also about 3%. But concurrently, China has enforced some of the world's most stringent penalties for those found guilty of corruption. Cheng Kejie, former vice-chairman of the Standing Committee of the National People's Congress, was tried and executed for accepting bribes. The mountains still may be high, but the long arm of Chinese officials is growing longer.
ENJOY UNLIMITED ACCESS TO THE SINGLE SOURCE OF OBJECTIVE LEGAL ANALYSIS, PRACTICAL INSIGHTS, AND NEWS IN ENTERTAINMENT LAW.
Already a have an account? Sign In Now Log In Now
For enterprise-wide or corporate acess, please contact Customer Service at [email protected] or 877-256-2473
On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.
A trend analysis of the benefits and challenges of bringing back administrative, word processing and billing services to law offices.
Summary Judgment Denied Defendant in Declaratory Action by Producer of To Kill a Mockingbird Broadway Play Seeking Amateur Theatrical Rights
When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.