So I havent posted in a while. The last few weeks have been very busy for me. I’m switching jobs, out of this Chinese law firm into a British risk management company. The nature of the new work seems very interesting, its call business intelligence and investigations. Essentially what that means is that they look into a company to see whether or not they are doing bad things. The bad things may include fraud, bribery, forgeries, falsifying documents, nepotisim, stealing company assests, etc. The clients the company would serve would usually be foriegn companies who wish to do business in China. They might not trust their Chinese business partners, or their suppliers, or even their own China branch managers and employees. The methods the company uses to investigate may include conducting interviews with relevant parties, doing audits on their documents, going through their emails, chat logs, other communications, visiting their facilities. Sometimes the client would be a country government who believes that the company has violated some kind of anti-corruption or anti-bribery law. The biggest example would be the US Foriegn Corruption Practice Act (FCPA). Last year the FCPA fined Siemens over 1 billion dollars. Apparently siemens had an elaborate system set up to bribe foriegn official. When they were discovered, Siemens cooperated to disclose all their actions, the discolsure along costed another 1.5 billion in attorney and consulting fees, all absrobed by Siemens. Apparently even though Siemens is a German company, the fact that their corruption scheme at one point funded some money in USD through a US bank, it was enough to give the US jurisdiction over the matter. So basically a lot of international firms are now worried because its very easy to fall under the big umbrella of the FCPA. And as China is filled with corruption, the business has a lot of potential here.
That being said, I have been trying to negotiate the contract with the new place while keeping it a secret from my current firm. Sometimes it gets awkward because I always have to sneak out during the middle of the day to meet my headhunter or attend a meeting with managers from the risk management firm. But the final signing should be this Friday. And from there I will inform my current firm next week. That will be a giant mess as well.