Last week China released for public comment new draft amendments to the Anti-Unfair Competition Law (AUCL), which governs commercial bribery and other acts of unfair competition.
If enacted, the amendments (Draft Amendments) would define a broader scope of conduct as commercial bribery, specify more clearly when companies are liable for the acts of their employees, and increase penalties for violations. … Continue Reading
We’ll spend a number of posts this month explaining what is good about the Pilot Program and what may be better. The last post explained the four (not three) requirements the Program establishes — voluntary disclosure, cooperation, remediation, and disgorgement — and how some of those terms have been carefully (re)defined.… Continue Reading