Like any other major sporting event, the Olympic Games attracts a large number of corporate sponsors. This summer’s Games in London are no different, with 11 long-term sponsors of the Olympics and a further 40 solely sponsoring the London 2012 Games. But with the London Games looming ever closer into view, sponsors and businesses alike… Continue Reading
Monthly Archives: June 2012
Monthly China Anticorruption Update Report– May 2012
Posted in China, China enforcement actionsThe most recent FCPA and anticorruption enforcement developments involving the People’s Republic of China (PRC) are summarized below. Thanks as always to Squire Sanders Shanghai office for monitoring these enforcement actions. China Enforcement Actions (1) On April 26, 2012, Jiao Baohua (“Jiao”), municipal party secretary of Yining City, Yili Kazak Autonomous County, Urumqi Municipality was… Continue Reading
Practical Guidance on How to Conduct FCPA Due Diligence
Posted in Compliance Program, Corporate Finance/M&A, Foreign Corrupt Practices ActThe Department of Justice and Securities and Exchange Commission have stressed the need for companies to conduct FCPA due diligence before entering into transactions with third parties or buying another company. The DOJ and SEC have levied stiff fines on companies that have not heeded their advice once violations of the FCPA have been discovered. … Continue Reading