When companies enter into China, third-party partners and/or agents, such as consultants, distributors and brokers, are most often sought out and relied upon to establish the necessary local footholds and to navigate cultural and business barriers encountered in doing business there. Third-party agents, with ample local resources, are able to provide companies with fast and […]
A Brief Review of Recent Foreign Corrupt Practices Act Enforcement (2014–2015)
Over the last 20 months, enforcement of the Foreign Corrupt Practices Act (“FCPA”) has continued to be a top priority for U.S. enforcement agencies. 2014 was a notable year in anti-corruption enforcement. While there were fewer FCPA enforcement actions in 2014 compared to 2013, the collection by the U.S. Department of Justice (“DOJ”) and the […]
Offsets on the Rise in Emerging Markets
One of the challenges for developing countries is how to balance spending necessary for national security with investing in the development of one’s national economy. Most developing countries do not yet have the capability to manufacture their own military equipment and technology. Thus, they must rely on foreign military sales. Because of the high cost […]
Afghanistan agencies reform business licensing process
The ministries and agencies responsible for regulating businesses in Afghanistan say they have “streamlined” the registration and licensing process, reducing the time it takes for Afghan businesses to obtain licenses from one month to two days, according to TOLO News. Muzammil Shinwari, the Deputy Minister of Commerce and Industries, said that with the implementation of […]
WTO Begins to Address Corruption in Government Procurement
Last month the parties to the World Trade Organization’s (WTO) Agreement on Government Procurement (GPA) adopted non-binding revisions that incorporate anti-corruption provisions into the GPA. These revisions will become binding if at least ten of the current fifteen parties ratify them. On a globally-derived average, corruption increases the price of government procurement contracts by twenty […]