Compliance Risks and Pitfalls in China
Gregory Wajnowski, GE Energy
Date: 03/14/2014
Duration: 01:02
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 and Business
Play Video Now
Download Video – Right-click and choose ‘Save as’ to download file (iPod/iPhone compatible)