Results 1-10 of 16
26 August 2019
Debarment regimes exclude companies from public procurement opportunities following conviction for specified offences. We examine the global trend towards the strengthening of these regimes and how this is likely to affect companies in the Asia Pacific.
14 May 2019
Officials from the US Office of Foreign Assets Control (OFAC) have been teasing for months that they would issue guidelines to help companies comply with US sanctions regulations. On 2 May 2019, OFAC made good and published the much-anticipated "A Framework...
2 April 2019
Welcome to the latest edition of our Guide to Anti-Corruption Legislation in Asia Pacific. Businesses need to ensure that they are compliant with applicable anti-corruption laws in each of the countries in which they operate as well as with applicable international...
26 February 2019
It appears the Trump administration has decided to embrace economic sanctions as a tactical foreign policy weapon, using the US Office of Foreign Assets Control (OFAC) to maximize its leverage over foreign adversaries. In particular, OFAC is sanctioning major companies...
29 January 2019
The pace of Foreign Corrupt Practices Act ("FCPA") enforcement in Asia Pacific remained steady in 2018, but not of torrential proportions. Notable cases from the region included Panasonic's $280 million settlement with the US Department of Justice...
7 January 2019
Gut instincts can be good when undertaking an anti-corruption risk assessment on an Asia Pacific business opportunity. But even better is data obtained from leading public interest and international organisations, including the United Nations, the World Bank and...
Memorandum of guidance improves enforcement prospects for money judgements between Singapore and China
3 October 2018
On 31 August 2018, the Supreme Court of Singapore and the Supreme People's Court of the People's Republic of China (PRC) signed a Memorandum of Guidance on the Recognition and Enforcement of Money Judgments in Commercial Cases (MOG). While not legally binding,...
28 September 2018
Introducers have got themselves a bad name, particularly in Asia Pacific countries. Prominent and negative references to this type of third-party agent are de rigeur in anti-corruption enforcement actions. Yet, their necessary purpose in bringing potential business...
3 July 2018
Australia is preparing for a big increase in the maximum penalties for corporate crime. The proposed increases bring Australia into line with the sanctions available in other jurisdictions, particularly the UK and US, thereby increasing their deterrent value to...
20 June 2018
Since its launch in 2013, the Belt and Road Initiative (BRI) has driven billions of dollars’ worth of ambitious infrastructure projects across nearly seventy countries. Chinese companies, in particular state-owned enterprises investing abroad, consider the...