Publication
UK Carbon Border Adjustment Mechanism: how will it work?
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
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
In February, we reported on the Department of Energy Security and Net Zero’s confirmation that a UK Carbon Border Adjustment Mechanism (CBAM) would be bought into force by 2027
Publication
International financial markets have started to show significant interest in nature and biodiversity. Whilst climate change and greenhouse gas emissions have made the headlines in recent years, there has been much less focus on their equally important counterparts, nature and biodiversity. However, that has started to change.
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