China s Crackdown on Corruption and Its Legal Implications for Multinational Corporations in China

다국어 초록 (Multilingual Abstract)

Considering its importance as a hub for international trade and business, China is probably considered as the most attractive market for various forms of business for Multinational Corporations (MNCs). In fact, almost every MNC has some type of business operation in China. Coupled with the PRC Criminal Law and PRC Anti-Unfair Competition Law, Xi Jinping, the General Secretary of the Communist Party of China and the President of the People s Republic of China, hasprioritized anti-corruption law enforcement spurred by the new Interpretation of the Supreme People s Court and the Supreme People s Procuratorate in the Handling of Criminal Bribery Cases. Even though bribing has historically been tolerated as part of business practice in China, such a practice now meansharsh punishment for the MNCs. MNCs from particular jurisdictions like the United States may face even higher possibilities of investigation by both Chinese law and its domestic law, the Foreign Corrupt Practices Act (FCPA). Knowing Chinese anti-corruption law and having compliance measures areessential for all MNCs operating in China. Therefore, this paper attempts to analyze China s three major anti-corruption laws including the PRC Criminal Law, PRC Anti-Unfair Competition Law, and the new Interpretation of the Supreme Court and Procuratorate of China and discuss their impact on MNCs.

목차 (Table of Contents)

• Abstract
• Ⅰ. Introduction
• Ⅱ. Chinese Anti-Corruption Laws
• Ⅲ. Conclusion
• References