“Advisors” As FCPA Risk In China

It’s not easy to conduct significant business in China without engaging the assistance of third parties. At almost every stage there are required interactions with the government for such things as regulatory approvals and licenses, among other things, and these interactions are difficult to impossible without the aid of local “advisors.” This and other realities of doing business in China add up to significant risk of running afoul of the Foreign Corrupt Practices Act. A post from Paul Hastings lists five essentials that companies need to know about third party risk when doing business in China.