Posts Tagged: China
The prior post provided an overview of chops in China. This post focuses more specifically on how chops can be misused and how that risk can be mitigated.
We have seen numerous incidents where an unauthorized individual (e.g.,… Continue Reading
Anyone who has viewed a contract or official document in China may have noticed a bright red circle in the signature block. This is often called a “chop” — alternatively translated as “seal” or “stamp.”… Continue Reading
Dun & Bradstreet Corporation agreed Monday to pay more than $9 million to resolve Foreign Corrupt Practices Act charges arising from improper payments made by two Chinese subsidiaries.
The subsidiaries “used third-party agents to make unlawful payments to obtain data vital to Dun & Bradstreet’s business as a provider of business financial information,” the SEC said.… Continue Reading
The U.S. Department of Commerce Monday imposed a denial of export privileges against ZTE and a related company for seven years for failing to comply with settlement terms in an earlier sanctions case.… Continue Reading
A Chinese scientist was sentenced to 121 months in federal prison for trying to steal samples of a variety of rice seeds from a Kansas bio-pharma research lab.
Weiqiang Zhang, 51, a Chinese national and U.S.… Continue Reading
China’s biggest government reorganization in a generation, coinciding with rapidly escalating U.S.-China trade tensions, will impact many aspects of doing business in China, including an uptick in anti-corruption enforcement.
1. “Super” enforcement agency targeting government officials is established.… Continue Reading
Anyone who has spent much time in China or dealt with investigations in China has probably heard of WeChat, a social media application. WeChat has over 900 million daily users, making it far and away the most ubiquitous social media platform in China. … Continue Reading
GlaxoSmithKline said in a securities filing Wednesday that the DOJ and SEC asked for information about third-party advisers the company hired in China during a corruption investigation there.
GSK said it is also responding to requests from the SFO for more information about the third parties.… Continue Reading
China’s biggest wind turbine maker was convicted Wednesday by a federal jury of nearly destroying an American company by stealing its trade secrets.
Sinovel Wind Group Co. Ltd. was found guilty after an 11-day trial in Madison, Wisconsin of conspiracy to commit trade secret theft, theft of trade secrets, and wire fraud.… Continue Reading
In November last year the Shenzhen Institute of Standards and Technology awarded the first ISO 37001 Anti-Bribery Management System certificate in China, an important milestone in the country’s persistent fight against corruption.… Continue Reading