Tariffs are not the only weapon of retaliation countries may wield in a trade war. Governments can pressure trade adversaries at the bargaining table by opening other fronts, such as limiting foreign investment, halting drug enforcement cooperation, or, of particular concern to the corporate world, scrutinizing companies doing business within their jurisdictions. What does this mean?… Continue Reading
The UK’s Serious Fraud Office (“SFO”) has launched a formal criminal investigation into GlaxoSmithKline (GSK) and its “commercial practices”, understood to mean allegations of foreign bribery. David Green CB QC, Director of the SFO, said back in 2012 that only the largest cases, that prevented UK companies from competing for big contracts on a level … Continue Reading
The most recent FCPA and anticorruption enforcement developments involving the People’s Republic of China (PRC) are summarized below. Thanks as always to Squire Sanders Shanghai Office for monitoring these enforcement actions. New Law or Regulations State level: (1) Regulations on the Management of Governmental Affairs On July 9, the Chinese Sate Council promulgated the new … Continue Reading
On July 17, 2012, Nordam Group, Inc. (“Nordam”) an aircraft maintenance, repair and overhaul (“MRO”) service provider based in Tulsa, Oklahoma, entered into a three-year non-prosecution agreement (NPA) with the DOJ to resolve violations of the FCPA’s anti-bribery provisions. Conduct According to the NPA, from 1999 until 2008, Nordam, its subsidiaries and affiliates paid bribes … Continue Reading
The most recent FCPA and anticorruption enforcement developments involving the People’s Republic of China (PRC) are summarized below. Thanks as always to Squire Sanders Shanghai Office for monitoring these enforcement actions China Enforcement Actions (1) On June 5, Wu Xiaoli (“Wu”), former general manager of the Shanghai Gongxin Project Construction Supervision Center Ltd, a state-owned … Continue Reading
The most recent FCPA and anticorruption enforcement developments involving the People’s Republic of China (PRC) are summarized below. Thanks as always to Squire Sanders Shanghai office for monitoring these enforcement actions. China Enforcement Actions (1) On April 26, 2012, Jiao Baohua (“Jiao”), municipal party secretary of Yining City, Yili Kazak Autonomous County, Urumqi Municipality was … Continue Reading
Paul Cosgrove, the former head of worldwide sales at California-based valve manufacturer Control Components Inc. (CCI) pleaded guilty yesterday to violating the Foreign Corrupt Practices Act (FCPA). Cosgrove is the fourth of six company executives to plead guilty to violating or conspiring to violate the FCPA. Cosgrove was previously scheduled to stand trial on June … Continue Reading
The most recent FCPA and anticorruption enforcement developments involving the People’s Republic of China (PRC) are summarized below. Thanks as always to Squire Sanders Shanghai office for monitoring and reporting on these enforcement actions. China Enforcement Actions (1) On March 31, 2012, Li Ping, former Party chief of Futian District committee, wassentenced to six-and-a-half years … Continue Reading
As part of our continued efforts to monitor the antibribery enforcement environment in the People’s Republic of China (PRC), our colleagues in Squire Sanders’ Shanghai office have graciously agreed to provide monthly updates of relevant developments in the PRC’s antibribery laws, regulations and government enforcement actions. The most recent developments are summarized below. Enforcement Actions … Continue Reading
The following monthly update on developments in the People’s Republic of China’s (“PRC”) antibribery laws, regulations and government enforcement actions is brought to you with the assistance of our colleagues in Squire Sanders’ Shanghai Office. Enforcement Actions (1) On February 8, 2012, Chen Meng (“Chen”), former chief deputy official of Putuo District, Shanghai, went on … Continue Reading
As part of our continued efforts to monitor the antibribery enforcement environment in the People’s Republic of China (PRC), our colleagues in Squire Sanders’ Shanghai office have graciously agreed to provide monthly updates of relevant developments in the PRC’s antibribery laws, regulations and government enforcement actions. The most recent developments are summarized below. Enforcement Actions … Continue Reading
On October 14, 2011, the DOJ dismissed bribery charges against Si Chan Wooh, the former Executive Vice President and head of Schnitzer Steel Industries, Inc.’s (“Schnitzer Steel”) Tacoma, Washington based subsidiary SSI International which oversaw Schnitzer Steel’s South Korean subsidiary, SSI Korea. Back in 2007, Wooh previously entered into a cooperation agreement with the DOJ … Continue Reading
The Securities and Exchange Commission (“SEC”) has issued an administrative cease and desist order as to Watts Water Technologies, Inc. (“Watts”), a water valve designer and retailer, and Leesen Chang (“Chang”), former general manager of Watts Valve Changsha Co., a wholly-owned Chinese subsidiary of Watts. Conduct Between 2006 and 2009, Chang, on behalf of Watts’s … Continue Reading
The following is a guest post from Doris Chen in Squire Patton Boggs’ Shanghai Office. Zhang Chunjiang, the former deputy general manager of China Mobile was sentenced to death by Chinese People’s Court on July 22, 2011 for the crime of bribery. He was also the chief secretary of China Mobile’s CPC Committee and held senior positions at … Continue Reading
Members of the Squire Sanders China team have written the China chapter to the fifth edition of Getting the Deal Through – Anti-Corruption Regulation 2011, which provides international analysis in key areas of law and policy for corporate counsel, cross-border legal practitioners and business people. Following the format adopted throughout the series, our China team has provided responses … Continue Reading
On February 25, 2011, China adopted Amendment No. 8 of the PRC Criminal Law, which criminalizes bribery of foreign government officials and of international public organizations in order to secure illegitimate business benefits. Previously, the focus of PRC antibribery laws and regulations had been on bribery – both involving officials and purely commercial parties — in a … Continue Reading
The combination of the fact-driven and the oblique in the Chinese news media’s reporting of this sad news are striking: key facts are reported (someone died, how/where he died, his name/position). Only at the end however, is reference made to the likelihood he himself was responsible for his death (i.e., he didn’t fall – he jumped … Continue Reading
Last week, various stories were published in the United States about Renault’s claims that 3 senior employees were being investigated for leaking not-yet-patented electric car battery technology secrets in a case where Chinese interests may be implicated. Details have been sparese however, leaving unaddressed key questions such as whether the Renault employees are alleged to have released … Continue Reading
The week of November 18, Chinese media were reporting that an investigation in corruption charges against executives in mobile carrier China Mobile has now spread to an executive with Ericsson. An article from November 25 in another Chinese publication, nfdaily.cn, says that the report first arose in American media, but I’ve not seen reports in US media … Continue Reading
A frequent topic of anti-corruption discussions is despite the aims for increased cooperation between US and foreign regulators in the wake of the Siemens case, whether increased visibility of US enforcement actions has in fact led to enforcement actions by regulators outside the United States? In the case of China, discerning an answer has been difficult. The resolution of … Continue Reading
