The new Hogan Lovells’ Steering the Course II report examines the approaches, concerns, and regional differences of multinational corporations across the globe as they tackle anti-bribery and corruption risk by surveying 700 chief compliance officers, heads of legal, or equivalent.… Continue Reading
The DOJ unsealed an indictment Tuesday against two former executives of Alstom S.A. and a former executive of the Japanese trading company Marubeni Corporation, for allegedly bribing the head of the state-owned power company in Indonesia and members of parliament there.… Continue Reading
A former Alstom SA executive who carried a UK passport, worked in France, and said he never set foot in the United States, was convicted Friday by a federal jury on 11 of 12 counts for his part in a scheme to bribe government officials in Indonesia.… Continue Reading
The Securities and Exchange Commission Monday charged Nissan and its former CEO Carlos Ghosn with fraud for failing to disclose more than $140 million to be paid to Ghosn in retirement.… Continue Reading
When trying to determine how to allocate compliance resources across Asian markets, the more developed and mature markets such as Malaysia, South Korea, Japan and Thailand are often given only residual attention because they are deemed fairly easy places to operate in.… Continue Reading
The Securities and Exchange Commission fined Deloitte Touche Tohmatsu LLC $2 million for violating auditor independence rules and suspended its former CEO and director of independence for causing the violations.
The SEC said Wednesday that Deloitte Japan issued audit reports for a banking client while about 90 Deloitte Japan employees maintained accounts with the bank.… Continue Reading
Seventy-three years ago today, the United States dropped an atomic bomb on the Japanese city of Hiroshima.
The blast destroyed 90 percent of Hiroshima and killed at least 80,000 people. Around 60,000 more died from radiation sickness before the end of the year.… Continue Reading
A dozen private-practice lawyers in Tokyo, including partners from the top firms, are helping Japanese companies comply with anti-bribery laws by publishing guidance and working with foreign enforcement agencies on behalf of the companies.… Continue Reading
Prosecutors in Tokyo used a plea bargain to resolve an overseas bribery case with a power plant maker under a new law adopted in June, according to a report from Japan.… Continue Reading
On October 8, 2017, Kobe Steel Group admitted to falsifying data about the strength and durability of aluminum and copper parts used by manufacturers of automobiles, bullet trains, and aircraft.
Initially presented as a breach occurring at four of its Japanese factories during 2017, the admission of wrongdoing would soon turn into a much more severe affair. … Continue Reading