Publication
What M&A trends will transform the 2024 insurance landscape?
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Global | Publication | Issue 09 / April 2016
I am delighted to share with you our ninth issue of Asia Pacific insights into Business ethics and anti-corruption matters.
New corruption scandals continue to unfold and ongoing investigations take new unexpected turns. Governments are tightening anti-bribery laws and taking more aggressive, extraterritorial enforcement steps.
In this issue, Sun Hong and Zheng Wenqi anticipate upcoming changes to the Chinese commercial bribery landscape, while Benjamin Ridgeon and Alex Mok analyse the landmark case of TVB v Communications Authority and assess its impact on the new Hong Kong Competition Law Ordinance.
In a significant development for the enforcement of the UK Bribery Act, a bank entered into a deferred prosecution agreement in respect of corrupt conduct of associated persons in Tanzania. The awakening of the Bribery Act portends further extraterritorial enforcement activity - potentially in the Asia Pacific region where corruption is perceived to be rife. The new corporate offence was invoked in this instance to target the corporatisation of bribery.
Finally, JP Wood and Rachel Pearce recommend the fostering of a robust compliance culture and the strengthening of internal controls for insurers and brokers venturing into Asian markets. The phenomenon of compliance programs and internal investigations is a key development in the privatisation of enforcement, which historically rested in the exclusive domain of public enforcement agencies.
I hope you will find the articles insightful.
Publication
It is widely accepted that 2023 was one of the worst years in recent memory for M&A activity.
Publication
The ongoing conflicts and further geopolitical tensions in Eastern Europe and the Middle East, coupled with upcoming elections in a number of key countries including the US and the UK, make 2024 challenging to predict what impact this will have on the insurance sector.
Publication
On 6 September 2022, the European Commission (EC) prohibited Illumina’s acquisition of Grail, bringing to an end the administrative stage of a legal saga that has attracted interest beyond competition law specialists.
Subscribe and stay up to date with the latest legal news, information and events . . .
© Norton Rose Fulbright LLP 2023