Japan has amended the provisions on the crime of bribing foreign public officials under the Unfair Competition Prevention Act (UCPA), effective 1 April 2024, and updated the Guidelines for the Prevention of Bribery of Foreign Public Officials in February 2024.
Key changes to the UCPA include increased fines and longer terms of imprisonment for individuals or corporations who bribe foreign public officials, expanded corporate liability and a longer statute of limitations.

While many are aware that the Indian government is aiming to attract at least USD 100 billion a year in gross Foreign Direct Investment in 2024, they may be less aware that the government has also recently set out a progressive ESG regulatory framework. Investors will therefore need to align with this Indian ESG wave and also ensure that their own ESG programs are robust enough to mitigate risks as well as realize opportunities.

In keeping with tradition, we are pleased to invite you to our annual Global Year-End Review of Import/Export & Trade Compliance Developments Conference. The conference will provide valuable insights on the latest developments, challenges and opportunities in the ever-changing landscape of international trade.
We are holding this conference in a split-hybrid format, with an in-person event in Santa Clara, CA, on 12 November and virtual panels on 19-21 November.