China clamps down on bribery

Author: Karry Lai | Published: 9 Jan 2018

China has started cracking down on bribery, if recent changes in the revised Anti-Unfair Competition Law are anything to go by.

Spearheaded by the State Administration for Industry and Commerce (SAIC), the law, which came into effect January 1, aims to maintain fair market competition. Businesses operating in China should take heed of a number of significant shifts in policy including an increase in the maximum penalty for offences, amendments to the definition of who may be a bribery recipient, as well as potential vicarious liabilities employers may be held liable for when the line blurs between an employee’s participation in bribery activities and an employer’s gain in business opportunities.

One of the key changes in the new revised law is the dramatic increase in the maximum penalty for offences. The maximum fine for commercial bribery and misappropriation of commercial secrets offences has gone...


 

 

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