Region: Taiwan

Formosa Plastics president resigns over bribery allegations

Taiwanese manufacturing company Formosa Plastics announced on 27 July that 25 of its employees are thought to have accepted bribes from a supplier. The company’s president, Lin Chen-jung, who is one of the suspects, resigned on 24 July.

27 July 2015

European court confirms extraterritorial jurisdiction in EU antitrust cases

The European Court of Justice (ECJ) confirmed the European Commission’s jurisdiction to rule against vertically integrated companies that are active in a cartel outside the EU, but sell their finished products through a subsidiary within the European market.

13 July 2015

Simpson Thacher expands Asia investigations practice

Simpson Thacher & Bartlett has hired Adam Goldberg as counsel in its Hong Kong litigation practice to enhance the firm’s high-stakes investigations and disputes work in Asia.

15 April 2015

Cubist continues FCPA cooperation in subsidiary investigation

Cubist Pharmaceuticals says it is continuing to cooperate with US authorities after buying a US pharmaceutical company that was investigating possible FCPA violations.

13 August 2014

Foxconn staff charged with taking bribes

Five former employees at Apple supplier Foxconn Technology Group in Taiwan have been charged by local prosecutors with accepting more than US$5 million in bribes, according to reports. After a year-long investigation of Foxconn, which manufactures iPhones among other technology products, prosecutors said they had discovered evidence that staff in the procurement department received bribes from 10 suppliers between 2009 and 2011.

23 May 2014

First conflict minerals disclosure filed

Semiconductor producer Siliconware Precision Industries, a Taiwan-based company listed in the US, has become the first company to file documents with the US Securities and Exchange Commission (SEC) certifying whether any of its products were made from minerals mined in the Democratic Republic of Congo.

25 April 2014

Foxconn bribery scandal could spark internal investigations

Former Foxconn senior executives have been interviewed by the Taiwan High Prosecutors Office in connection with allegations of bribery, the company said in a statement to the London Stock Exchange yesterday.

23 January 2014

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