CHINA IN BRIBERY CRACKDOWN
September 1st, 2017
CHINA is cracking down on commercial bribery by extending the range of offences covered and increasing penalties. Beijing has released draft amendments to the Anti-Unfair Competition Law (AUCL) for comment, which notably would make it clearer when companies were liable for the corrupt acts of their employees. The planned amendments would both allow the authorities to confiscate illegal gains and fine wrongdoers between RMB100,000 (USD15,500) and RMB3 million (USD460,000). Moreover, the draft amendments would mean the AUCL outlawing more activities as ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.