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May 3, 2011

Legal Concerns in Gift-Giving to Civil Servants

PReMA Life

The last few decades have seen an increase in the implementation and forceful application of anti-corruption laws worldwide. Due to Western authorities’ extensive powers regarding anti-corruption issues, foreign-based companies are requiring their subsidiaries in Asia to control gift-giving expenses, especially since efforts to respect the customs of giving gifts to officials (including hosting dinners or banquets) may constitute bribery according to international and even local anti-corruption laws.

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