The scope for bureaucratic delay (especially to make life hard for foreigners wanting to do business) and bribery was vast.
U.S. and U.K. authorities have stepped up enforcement of bribery in foreign business dealings, which may herald a longer-term shift in how foreign companies operate in the Gulf, lawyers say.
Please note: The author is the president of TRACE International, a non-profit business association dedicated to anti-bribery compliance.
FORBES: Microsoft And The Rising Federal Scrutiny Of Bribery
The founder of China's largest electronics retailer, Huang Guangyu, was formally charged Friday with insider trading, bribery and other illegal business dealings, according to state media.
If the allegations are correct, it used systematic bribery as part of its business strategy as a way to grow.
It explored a number of initiatives, and in 1997 helped launch the Organisation for Economic Co-operation and Development's (OECD) Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
An important survey rates nations on bribery, cronyism, nepotism and their impact on business competitiveness.
Through its increased trade, diplomacy, and bribery, the PRC is assiduously trying to buy the loyalties of politicians and business leaders.
CENTERFORSECURITYPOLICY: The national security case for CAFTA
Designed to put a stop to the bribery of foreign government officials, politicians, and political parties by corporations seeking to do business in corrupt countries around the world, the FCPA hangs as a sword of Damocles over any company that hopes to remain competitive in places that are not as enlightened as the U.S. when it comes to finding acceptable ways to bribe government officials.
Speculation about the future of the business empire of Hong Kong billionaire Joseph Lau is building after it was disclosed on Wednesday that he will face bribery and money-laundering charges in Macau.
FORBES: Speculation Builds About Hong Kong Billionaire Joseph Lau's Empire After Bribery Case Set
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