Eric Carlson: Chinese Government Releases New Judicial Interpretation on Bribery and Corruption

From FCPA Blog

Yesterday, China’s two main judicial agencies released a joint judicial interpretation on bribery, corruption, and misappropriation of official funds.

This interpretation provides additional clarity in understanding the amendments to the Criminal Law that took effect last year, most notably by (1) expanding the definition of bribes to include certain intangible benefits, (2) clarifying that bribes given after benefits are received are indeed bribes, (3) establishing monetary thresholds and standards for bribery prosecutions, including raising the thresholds for bribes involving government officials and non-government officials, and (4) providing additional details on the requirements and benefits of voluntary disclosure.

Read the full article.