Is Price Inflation An Excuse To Not Perform In International Trade? An Analysis Of Two Important Clauses and Their Potential Outcomes In providing products in international trade when prices are rising, defendant who is performing the contract can have a defense of impractability. However, what do you do when the price of the contract is fixed during inflation when … [Read more...]
NO WRITTEN SHAREHOLDER AGREEMENT? A SURVEY OF FLORIDA SHAREHOLDERS’ STATUTORY RIGHTS
Originally Published on the Florida Bar Journal Vol. 96, No. 3 May/June 2022 AUTHORS: Eric N. Assouline (Managing Partner Assouline & Berlowe), Andrea Bos (Associate Attorney Assouline & Berlowe), and Davy Karkason ( Associate Attorney Cueto Law Group P.L.) Source of the original article: No Written Shareholder Agreement? A Survey of Florida Shareholders’ … [Read more...]
How do International Conflicts Affect Corporations & Investments?
The United States has announced more sanctions against Russia due to the invasion occurring in Ukraine. One of the main sanctions that will affect corporations and foreign investors is the ban on oil, energy, and wheat import from Russia. Today, the United States is among the first few countries taking such positions. These are some of the issues that corporations and … [Read more...]
U.S. Nonresident Aliens– Here's Your Quick Tax Summary.
With the amount of international business transactions originating or otherwise taking place in the U.S., it's no surprise that the U.S. hosts a great number of nonresident aliens who have a financial stake in these business transactions. Of course, that means that taxes will be owed. It can all get complicated if you're unfamiliar with the filing requirements. I mention … [Read more...]
China Surpasses U.S. in World Trade.
China is now number one in world trade, according to Bloomberg. In taking over the top slot from the U.S., China threatens to disrupt regional trading blocs across the globe, where the U.S. has been the dominant player. The Bloomberg report noted that, while U.S. exports and imports of goods last year totaled $3.82 trillion, China’s 2012 tally came in at $3.87 trillion, … [Read more...]
International Arbitration Tribunal Urges Ecuador to Stop Enforcement Action.
Several weeks ago I wrote about Ecuador's efforts to enforce its $18 billion judgment against Chevron in the decades-old litigation over contamination of Amazon river basin. In the latest development, an international arbitration tribunal at the Hague's Permanent Court of Arbitration ruled that Ecuador violated the panel's previous order to stop enforcement of a contested … [Read more...]
"Super" International Trade Ministry in the Works for Obama Administration.
The Financial Times is reporting that the Obama Administration is contemplating a "Super" trade ministry. The Super trade ministry would take in trade and business promotion as well as the Ex-Im Bank, an initiative that was initially sidelined by opposition in Congress. You can read more about the story here. … [Read more...]
Foreign Exemptions Should Apply in U.S. Bankruptcy Court.
I represent an individual, Client X from Country Y. In Country Y, Person X enjoys both a homestead and pension exemption under that country's bankruptcy laws. However, when Person Y, who is both a U.S. citizen and citizen of Country X, files for bankruptcy in the U.S., the foreign bankruptcy exemptions will be held not to apply. I think this is wrong for reasons I'll … [Read more...]
Boeing's Dreamliner is a Dream for International Litigators.
There's been a lot of press the past few days over the worldwide grounding of Boeing's Dreamliner aircraft due to faulty batteries. As reported in the Wall Street Journal article, All Boeing Dreamliners Are Grounded World-Wide, the grounding of the Dreamliner marks the first time in four decades that U.S. airlines were forced to ground an airliner. U.S. airlines were joined … [Read more...]
The U.S. L1 Visa is the Best Choice for International Business Executives.
I received a call last week from a gentlemen with an established business in Country X who sought my advise for obtaining an L1 intracompany visa to work in the U.S. It was clear from my conversation with him that he already knew how the L1 Visa could benefit his international business. In today’s fast-paced, global economy there is no better vehicle for allowing companies to … [Read more...]