Webinar: Sourcing in China: what’s the alternative?

Feb 1, 2012. Is there an alternative to China as the dominant location for apparel sourcing?

China’s growth in recent years has led to concerns the sourcing giant is losing its competitive edge. Is this really the case? If so, why? And where, if at all, are the alternatives?

Leonie Barrie, Managing Editor of just-style,
Kurt Cavano, CEO of Tradecard and
Mike Flanagan, CEO of garment industry consultancy Clothesource, examine the key trends in the debate, including:

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Could the Hospitality Industry be the Latest to Fall Under the FCPA Microscope?

In March, the Las Vegas Sands Corp. announced that it received a subpoena from the SEC and that the Department of Justice (“DOJ”) opened an investigation regarding potential Foreign Corrupt Practices Act (“FCPA”) violations surrounding its operations in Macau, China.

The impetus for the investigation appears to have come from a wrongful termination suit brought by the former CEO of Sands China. That suit alleges, in part, that the former CEO was terminated for resisting the continued use of a particular Macau attorney, who is also a member of the local government, despite concerns that the retention posed serious FCPA risks, instructions to use improper “leverage” against government officials to obtain strata-title to a property in Macau, and refusing to pressure Sands’ Chinese banks to use their influence with government officials to assist the company.

And, this is at least the second time the FCPA has touched the hospitality industry. In 2007, York International, a global provider of heating, ventilation and air conditioning, paid $22 million in penalties for a variety of unlawful payments, including payments made to secure construction contracts for luxury hotels in the United Arab Emirates.

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