For the first time in more than two decades, Chinese regulators have amended the Anti-Unfair Competition Law, giving companies more clarity on what constitutes commercial bribery, while introducing increased compliance risk, as well.
On Jan. 1, the new version of China’s Anti-Unfair Competition Law (AUCL) took effect, marking the first technical changes to the law since its implementation in 1993 and drawing on lessons learned over the past two decades. Although the main purpose of the AUCL is to regulate unfair competition, it’s also China’s main statute for addressing commercial bribery.
