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Global Legal Insights: Bribery & Corruption, 2018 - China

China has had strong anti-corruption laws for many years. On 1 January 1980, the Criminal Law of the People’s Republic of China (the “PRC Criminal Law”), containing the criminal offences of bribery and corruption, came into...more

Significant Revisions to China’s Commercial Bribery Law

China clarifies the scope of its commercial bribery law, which has important implications for companies and individuals doing business in China. Key Points: The Standing Committee of the National People’s Congress has...more

China Further Revised Commercial Bribery Law in the Latest Draft Amendments to Anti-Unfair Competition Law

The modified draft amendments clarify the scope of commercial bribery, provide helpful exceptions, and increase penalties. Key Points: The Law Committee of the National People’s Congress has released a Second Draft of...more

China’s MOFCOM Announces First-Ever Gun-Jumping Penalty in a Transaction Not Involving a Chinese Company

MOFCOM continues efforts to increase enforcement of its merger notification requirements, despite very limited penalty options. On January 4, 2016, China’s Ministry of Commerce (MOFCOM) announced that it had fined...more

Expansive Korean Anti -Corruption Law Comes into Force

Korea to introduce “Kim Young-ran Act,” significantly expanding the scope of the anti-corruption regulatory framework. The Improper Solicitation and Graft Act of Korea (the Act), commonly known as the “Kim Young-ran...more

Deemed Public Officials: A Potential Risk for US Companies in Japan

Japan is one of the lower-risk countries for US companies in terms of compliance issues involving bribery and corruption. Transparency International’s 2013 Corruption Perceptions Index places Japan 18th out of 177...more

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