Japanese Companies Face Growing Anti-Corruption Enforcement Risk
When companies talk about compliance risk in East Asia, China often dominates the discussion. Japan, on the other hand, is rarely the center of the conversation. While China has routinely been involved in headline-making anti-bribery enforcement actions, Japan, with its mature economy and well-established corporate institutions, has never been the locus of an enforcement action under the FCPA. However, the relative lack of recent enforcement activity does not mean that Japanese multinational corporations should be complacent about anti-bribery enforcement risk. In a guest article, Ananda Martin, a partner in Paul Hastings' Shanghai office, and Jianxiong Wu, an associate in Paul Hastings' Tokyo office, analyze the risks that Japanese companies face, both at home and abroad.