How is it that US law can apply to certain Chinese companies and the conduct of Chinese business executives? The answer is the Foreign Corrupt Practices Act (FCPA), a broad-reaching US law enacted to prohibit bribery as a means of obtaining and retaining business. A common misperception in the business community is that the FCPA applies only to US companies and US citizens. However, under certain circumstances, the FCPA can also apply to the conduct of Chinese companies and Chinese business executives, making FCPA compliance crucial.
Johnson Stokes & Master (JSM), an Asian law firm, and Mayer Brown LLP, a global law firm, agreed to combine as of January 28 2008. The combined firm will…
The Implementing Regulations clarify enterprise income tax matters in respect of revenue, deductions, tax treatment of assets, tax payable, preferential tax treatment, withholding at source, special tax adjustments, and administration of levy and collection.
KhattarWong created the KhattarWong-Peking University Law Scholarship Fund, which is the first such legal scholarship and internship programme between…
Business people and lawyers have often complained of the vagueness and impracticalities of China's legal rules regulating the filing of charges over chattels. With the advent of the New Methods for Registration of Charges of Personal Properties, much light is shed and many problems removed; yet ambiguities still abide around several key issues.
Medtronic, Inc. has formed a joint venture with Shandong Weigao Group Medical Polymer Company Limited [Weigao]. Baker & McKenzie and Commerce & Finance…
King Jouet, a French retailer of children's recreation and leisure, will open stores in the PRC within an unlimited period with Carrefour, an international…
China Investment Corporation [CIC] bought US$5.6 billion of Preferred Equity Purchase [PEPS] Units in Morgan Stanley.Sullivan & Cromwell LLP represented…