Introduction

The risk of corruption is a key issue for many companies intending to invest in emerging markets in Asia. Corruption can affect the "value of an acquisition, (...) its structuring and contractual terms and create integration and reputational issues once the acquisition is completed." The consequences of such risk are notably financial loss, alteration of commercial relationships, reputation, and possible criminal liability. These risks are particularly present for transactions made in certain of Asia's emerging markets where corruption is perceived to be more ...