International Law

Doing Business in China: Mitigating FCPA Compliance Risk After the Rio Tinto Verdict

China offers a wealth of opportunities to multinational corporations looking to tap into the country's lucrative market for goods and services. However, the combination of intense competition for China profits, prevalence of state-controlled entities in key industries, widespread corruption and business traditions create a regulatory minefield that many U.S. companies find difficult to navigate.

The recent verdict by a Chinese court finding four executives of a high-profile international mining company guilty of bribery and theft of commercial secrets may signal that China's aggressive prosecution of its anti-corruption laws is shifting its focus to multinational companies operating on its soil. This case underscores the significance of a comprehensive and rigorous FCPA compliance program for U.S. companies doing business throughout the world, and especially in China, where the consequences for noncompliance can be severe.

View or download the entire article by Gary D. Anderson of Greenberg Traurig by clicking on the link at the top of the post.