Hughes Hubbard Advises Leading Machinery Manufacturer on Successful Early Release from Sanction Imposed by Asian Development Bank 康乂律师携华博德律师团队成功帮助中国某大型制造业企业获得亚洲开发银行提前解除制裁

February 2025 – On February 26, 2025, the Asian Development Bank (ADB)’s Office of Anticorruption and Integrity (OAI) officially notified a leading machinery manufacturer (“Company”), a client of Hughes Hubbard, that the Company and its related entities have satisfied all the conditions for early release from the ADB sanction and is eligible to participate in projects financed, administered and supported by the ADB from the same date.

近期，亚洲开发银行（“亚行”）反腐败与诚信办公室发出正式通知，告知中国某大型制造业企业（“公司”）已满足了提前解除制裁的所有条件，并自该日起有资格参与亚行资助、管理、支持的所有项目。

In July 2023, the Company entered a Settlement Agreement with the ADB wherein the Company agreed to a conditional non-debarment for a period of two years with the possibility for early release after 18 months in connection with the Company’s bid for an ADB-financed project, while it was subject to a previous debarment since 2012. Under the terms of the Settlement Agreement, the Company agreed to develop and implement a company-wide integrity compliance program (ICP) aligned with the principles set out in the ADB’s Integrity Principles and Guidelines and Anticorruption Policy.

2023年7月，公司与亚行达成的《和解协议》，亚行对公司因在投标亚行项目中的不当行为，以及自2012年以来被亚行制裁的情况，实施为期两年的“有条件不取消资格”的制裁，但可在18个月后申请提前解除制裁。根据该《和解协议》的条款，公司同意制定一套符合亚行《诚信原则与指南》和《反腐败政策》相关要求的诚信合规制度，并在公司总部及其分子公司全面实施。

The Company appointed Christine Kang, a Partner in HHR’s New York office, who has extensive experience handling multilateral development bank (“MDB”) investigations and sanctions, as its counsel for this matter. Christine and the Hughes Hubbard team collaborated closely with the Company’s compliance function to appoint qualified Monitor to supervise the ICP on behalf of the ADB, to develop and implement a compliance program that met both the ADB’s requirements and Chinese national compliance guidelines. This ICP specifically addressed key areas such as bidding policies, third-party due diligence procedures and the establishment of an effective compliance function.

公司随即聘请在多边开发银行调查和合规领域拥有丰富成功经验的康乂律师担任本项目的牵头律师。康律师带领团队与公司的合规部门密切合作，选聘了合规监管顾问代表亚行审查公司的合规整改，迅速起草并建立了符合亚行合规政策原则以及中国国内合规标准的诚信合规制度。该诚信合规制度着重于投标政策、第三方尽职调查政策以及合规部门架构搭建等关键领域的设计。

With support from the Company’s leadership and compliance function, Christine and her team guided the Company through the full implementation of the ICP. This included conducting compliance trainings for management and employees, establishing effective compliance functions, performing group-wide risk assessments, coordinating the Company in response to Monitor’s site visits and facilitating interviews with numerous employees, among others.

在公司领导和公司合规部门的大力支持下，康律师及其团队指导和协助公司全面推动实施诚信合规制度，为公司管理层和员工进行合规培训，协助搭建合规部门，协助公司开展全面风险评估，协调公司应对合规监管顾问对公司进行的实地考察、对公司管理层和员工进行访谈等。

At the final stage of the ICP, the Hughes Hubbard team collaborated closely with the Company’s compliance function in drafting a comprehensive Request for Release to demonstrate the effectiveness of the Company’s ICP and compliance with the requirements of the Settlement Agreement. Ultimately, the firm’s team successfully helped the Company in achieving its release and reinstatement from the ADB sanctions that it has been subject to for over 10 years.

在合规整改工作的最后阶段，律师团队与公司合规部门密切配合，高效率起草了内容详实、支持证据充分的英文版《解禁申请》， 全面汇报公司各项合规工作所取得的进展和成绩，有力证明公司已经全面满足了《和解协议》项下的解禁条件。最终，成功协助公司解除了长达10余年的亚行制裁！

This case adds to the long list of large corporations counseled by Christine Kang and Hughes Hubbard team that have successfully obtained release from MDBs sanctions, demonstrating Hughes Hubbard team’s significant experiences in developing and implementing a compliance program in line with international compliance best practices and the MDBs’ standards and requirements.

本项目是康乂律师成功协助多家中国大型企业解除多边开发银行制裁的又一成功案例，再次展示了康乂律师和华博德团队对于亚行等多边开发银行合规准则和监管要求的深刻把握，在合规强化语境下统筹建设和实施中国国有企业高标准合规管理体系的丰富实践经验，以及在多边开发银行制裁项目的世界领先地位！

Kang led the Hughes Hubbard team advising the company on this matter, which included Jonathan Zygielbaum, Wilson Wang, Masha Ma and Holden Fitzgerald.

本项目的HHR团队成员包括康乂律师、Jonathan Zygielbaum律师、王一凡律师、马建兰律师、和刘兆凯律师。