On June 22nd, the European Union Chamber of Commerce in Shanghai held a Breakfast Panel Discussion on Compliance with Anti Corruption Laws.
Multinational companies operating in China have to comply both with Chinese anti-corruption laws and with the laws of their home countries. Also, if their shares are listed in the US or if they employ US citizens, they are subject to the Foreign Corrupt Practices Act (FCPA).
A high level panel of experts explored these different anti-corruption frameworks and the obligations of MNC’s operating in China.
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Mr Raphael Chantelot, a lawyer with Gide Loyrette Nouel, explored differences and similarities between the Chinese and French legal frameworks for dealing with corruption, as well as presented cases in which French law might apply to companies operating in China.
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Mr Ralph Koppitz, Partner Taylor Wessing Shanghai, gave an overview of anti-corruption rules in Germany and presented various corruption cases German Courts dealt with in recent years.
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Mr. Jean Roux, Partner PriceWaterhouseCoopers, presented the FCPA framework and discussed recent prosecutions and interpretations under FCPA.
Numerous questions were raised by a very interested audience.