IPO Pang has advised multi-national companies that need to comply with local regulatory requirements. These range from environmental, labor, hours of operation, handling of hazardous materials, to name a few examples. Local authorities often need to generate “revenue” from citations and more often than not, multi-nationals are targeted. IPO Pang defends and settles infractions as well as procures licenses, permits, and other related approvals.
Audits are often conducted by local authorities, often without prior notice. Fines are can be set at a range between 0 percent and up to 100 percent of the statutory fine, which may range up to 1 million RMB for more severe infractions. At IPO Pang, we have an excellent track record for settling with the authorities to reduce our clients’ fines.
Some of the services that IPO Pang have provided our clients in the past include: accompanied company personnel on audits; served as the local liaison for regulatory compliance matters; and have opined on the legality, acceptability and risks of certain conduct, action or practices which may lead to regulatory infractions. We work with company compliance officers to design compliance, audit, and emergency response programs in the event of an audit. We have advised on product recalls, MSDS disclosures, and employment-related programs designed to comply with the regulatory, laws, as well as Communist Party policies.