China is hotbed for violations of the Foreign Corrupt Practices Act. The real estate industry is not immune from the dangers. In February of 2009 Morgan Stanley’s real estate group reported an employee based in China in an overseas real estate subsidiary that appeared to have violated the Foreign Corrupt Practices Act. My company has … Read more »
Tag: China
Avery Dennison and the Pitfalls in China
Don Lee of the Los Angeles Times has a great story about the pitfalls encountered by Avery Dennison when it was trying to build its road and traffic business in China: Avery Dennison case a window on the pitfalls U.S. firms face in China. It highlights the gray area between building relationships and corrupt transactions, … Read more »
Avon Fall-Out
We are starting to see some of the fall-out from the Avon FCPA investigation [Ding Dong, FCPA Calling]. The Wall Street Journal [Regulators Detained by China in Probe] and Reuters [China probe may curb foreign deals: sources] are both reporting the detention of two officials from the Commerce Ministry. The Wall Street is reporting that … Read more »
FCPA Opinion Procedure Release 08-03
FCPA Opinion Procedure Release 08-03 was a request from TRACE International, Inc. on paying expenses for journalists from China to attend a press conference being held by TRACE in Shanghai. Most of the media outlets are wholly-owned by the People’s Republic of China. The opinion finds the stipend and expenses that TRACE intends to pay … Read more »
Walking The Fine Line Of Compliance In China
Jeffrey M. Rawitz and Erica L. Reilley of Jones Day published an article in Mondaq: China: The Foreign Corrupt Practices Act: Walking The Fine Line Of Compliance In China. Four Suggestions for Avoiding FCPA Complications in China Any company seeking to avoid potential FCPA problems in China, or elsewhere, should start by developing a rigorous … Read more »