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.