European banks are facing the threat of having to reveal their taxes and profits on a country-by-country basis in the latest twist to the EU negotiations over rules to make banks safer. The European parliament is pressing for the tougher disclosure regime along with a demand for strict curbs on bankers’ bonuses as part of the law implementing the Basel III international … [Read more...]
International Lawyers Get Green Light to Serve as In-House Counsel in the U.S.
It’s about time the American Bar Association recognized that the globalization of law is a “trend” that’s here to stay. I say this because the ABA House of Delegates just passed a resolution that would allow foreign attorneys to work in the U.S. as in-house counsel. The fact is that seven states already allow international attorneys to work as in-house lawyers in the U.S. … [Read more...]
Thinking of Terminating Your International Employee? Not So Fast.
U.S. companies have a quick-trigger habit of terminating a foreign-based employee(s) without first taking a look at the termination laws of the host country. Details such as pre-termination notice, severance pay and termination procedures are often overlooked. This could spell serious trouble for the U.S. company down the road. That’s why it’s critical for U.S. multinational … [Read more...]
International Technology Laws Apply to You too, Google.
I can't stress enough how important it is for technology companies operating overseas to be mindful of the dizzying array of compliance laws that apply. Some companies just don't seem to get it. I bring this up because the Washington Post is reporting that Google faces at least 10 lawsuits in the United Kingdom over violation of the UK’s stringent privacy protection … [Read more...]
Have a Legal Dispute in Asia? Singapore is the Place to Resolve it.
I'm a big advocate for doing business in Singapore. Year after year, it's ranked as the easiest country in the world to start a business. Singapore is also the third richest country in the world, ranking behind only Qatar and Luxembourg. A big part of Singapore’s success is rooted in its modern legal system. The legal system in Singapore has received global recognition for … [Read more...]
International Mergers & Acquisitions: A 17 Point Checklist for U.S. Acquisitions.
Over at the Harvard Law School Forum on Corporate Governance and Financial Regulation blog, there’s an excellent post for international companies that are looking to acquire a U.S. company. The post, Checklist for Successful Acquisitions in the U.S., does a great job of itemizing the most important point that must be considered when targeting a U.S. acquisitions. Among the … [Read more...]
Start-up Locally, Expand Globally: Why Your Startup Should Always be an International Business.
I represent several start-up businesses here in Miami. From the get-go these companies have wisely targeted international markets. At least for me, going international is a no-brainer. After all, there’s no better way for a start-up to dramatically accelerate growth. For example, one company I work with has already branched out to Brazil and China. The company … [Read more...]
Business Ethics in Emerging Markets: Global Standards, Local Strategies.
A few months ago, I was asked to spend the morning speaking to several classes at a local high school on the topic of ethics in recognition of National Government Ethics Day. It was a great experience. While I was impressed with the depth and scope of the students' questions, one question stood out for me. The questions was: "do people in different countries have different … [Read more...]
International Litigation: Why Apple Will Lose this Lawsuit in Belgium.
Engaging in international business is thrilling. However, one must always be mindful that the contractual provisions governing a business transaction will many times conflict with the laws of another country. Just several days ago I posted an article cautioning international e-commerce companies that a forum selection clause in a consumer contract will not be recognized in … [Read more...]
5 Key International Compliance Challenges Facing U.S. Companies.
Its never been easier for U.S. companies to expand into foreign markets. At the same time, U.S. companies have never had a more difficult time navigating the dizzying array of foreign regulations. I mention this because, Corporate Compliance Insights has a great post on the 5 biggest challenges U.S. companies face when operating oversees. The biggest compliance issues … [Read more...]