Compliance Risks and Pitfalls In China
Gregory Wajnowski, GE Energy
Description: What are we to make of the recent GlaxoSmithKline bribery scandal in China? It has brought revenue down 60%, mired its executives in a seemingly endless struggle with the authorities and even forced David Cameron to weigh in on the company's behalf on his recent trip to Beijing. This and other recent scandals in China underscore the need for companies doing business there to understand and manage the risks associated with common business practices that are prohibited by US and Chinese law. Mr. Wajnowski took us through some of these risks and common practices and explained what companies are doing to ensure that they can compete effectively while still being compliant with applicable laws. Gregory Wajnowski is currently Managing Director – Mergers & Acquisitions and Chief Supervisor – Joint Ventures for GE Energy in Greater China and Mongolia. His responsibilities include providing legal guidance and support for mergers, acquisitions and joint ventures and for overseeing GE Energy’s numerous joint ventures in China.
Sponsor(s): Berkeley Business Law Journal and Center for Chinese Studies Sponsor: Berkeley Center for Law, Business and the Economy