Judicial application and perfection of commercial bribery of Transnational Corporations in China

Abstract

With the wave of economic globalization, the problem of commercial bribery of multinational companies, who play an important role in the international market, has gradually become a global problem. The commercial bribery of transnational corporations is harmful to the market order of fair competition in China. Therefore, China should severely crack down on the commercial bribery of multinational companies. Judging from the current judicial situation, there are still many shortcomings in anti-commercial bribery of transnational corporations. This paper will use empirical analysis to study these problems. This article will start with the GlaxoSmithKline case, introduce the current judicial interpretation in China, point out the shortcomings of the legal system, the applicable object, the jurisdictional conflict, and the actual situation of law enforcement. Then, the paper will further analyze the reasons for the shortcomings of the applicable object, the jurisdictional conflict, and the intersection of justice and civil justice. Based on this, these measures should be taken including expanding the scope of application and the scope of jurisdiction, adding a civil compensation system, and strengthening international cooperation.