Chinese New Year began February 5 and kicked off the Year of the Pig. In China, employees begin a mass migration out of the large cities and back to their hometowns to visit family, relatives, and long-time friends.… Continue Reading
Posts Tagged: China
China is at the forefront of efforts to revolutionize digital mobile cross-border payment systems. Already, traders on the 21st century digital silk road are sending payments from Hong Kong to the Philippines and Pakistan, among other places, in mere seconds using blockchain-based, cross-border, mobile digital wallets from Chinese tech giants, including Ant Financial’s Alipay and Tencent Holdings Ltd.’s… Continue Reading
The theft of intellectual property (IP) is a challenge facing organizations and industries operating globally. A special risk involves Chinese nationals both in and outside the PRC using less than sophisticated methods to steal IP.… Continue Reading
China recently enacted a law that could prevent China-based individuals and entities, including the China-based subsidiaries of non-Chinese companies, from providing certain assistance in criminal proceedings outside of China.
The law appears to block such companies, absent approval from the Chinese government, from disclosing evidence in China to criminal enforcement authorities outside of China in connection with a criminal matter.… Continue Reading
China recently amended its Criminal Procedure Law (CPL) to codify rules encouraging cooperation in government investigations, align with the new national supervision system, and introduce trials in absentia for certain crimes, including bribery and corruption.… Continue Reading
Last week, the U.S. Department of Justice announced a new “China Initiative.” According to the press release, the Initiative “reflects the Department’s strategic priority of countering Chinese national security threats and reinforces the President’s overall national security strategy.”… Continue Reading
A little-noticed nugget in the recent Stryker SEC Order (Stryker II) — in addition to overbilling, kickbacks, and using unvetted intermediaries in India and China — was the allegation that Stryker’s “Kuwait Distributor made over $32,000 in improper ‘per diem’ payments to Kuwaiti [healthcare providers] to attend Stryker events, when Stryker had directly paid the costs for lodging, meals, and local transportation for these individuals.” … Continue Reading
China’s former top internet regulator pleaded guilty Friday to corruption and abuse of power during 15 years of public service.
Lu Wei , 58, headed the Cyberspace Administration of China for three years.… Continue Reading
United Technologies Corporation agreed Wednesday to pay the SEC $13.9 million to resolve charges that it violated the FCPA by making illicit payments in its elevator and aircraft engine businesses.
United Technologies subsidiary Otis Elevator Co.… Continue Reading