A special guest post by Global Security Consultant and Political Risk Expert, Paul Crespo. This is the seventh post in the series. Global companies today face a variety of serious risks that range from political disturbances, terrorist bombings, supply chain disruptions, natural disasters and cyber-attacks, to the kidnapping of key executives. Any of these threats can create … [Read more...]
Cyber Attack – 3rd Biggest Threat to International Business
A special guest post by Global Security Consultant and Political Risk Expert, Paul Crespo. This is the sixth post in the series. With larger and costlier data breaches being reported every day, cyber security is quickly moving from being seen by C-level executives as a purely technical security issue, to a top business risk for global corporations. Cybercrime and … [Read more...]
How Secure Are U.S. Businesses in Mexico?
A special guest post by Global Security Consultant and Political Risk Expert, Paul Crespo. This is the fifth post in the series. Mexico is a top Latin American location for American business operations. A vast market with close proximity, Mexico represents the United States’s second largest export market and its third largest source of imports. Recently however, the battle … [Read more...]
Codes, Locks and Keys: 35 Industrial Espionage Countermeasures that Will Save Your International Business.
Last week Apple released the Apple iPhone 5s. The most innovative feature of the new phone was the device's fingerprint scanner, which was widely heralded as being the world's first "hack proof" access point. It took only a few days, however, for a German hacking group to bypass the phone's latest security feature and gain access to the device. The incident is the latest … [Read more...]
Brazil’s Mega Events: Risks for International Businesses during the World Cup and Olympics.
A special guest post by Global Security Consultant and Political Risk Expert, Paul Crespo. This is the fourth post in the series. For ten years Brazil has been the darling of the emerging market countries: the "B" in BRIC (Brazil, Russia, India & China). With annual growth rates of 5 percent, its stock markets often doubled year to year. Brazil is hot. It will be … [Read more...]
5 Tips for In-house Counsel When Acquiring a U.S. Multinational Company.
Acquiring a purely domestic U.S. company is relatively straightforward. Things get complicated when the target is a U.S. multinational company. One of the deals we’re working on in my office concerns just that. I was speaking to in-house counsel about the transaction and thought it would make for a great post someday. Then I came across an … [Read more...]
Political Risk Insurance: Why Your International Business Must Have It.
A special interview with Global Security Consultant and Political Risk Expert, Paul Crespo This is the first in a series of posts dealing with global security and risk management. While companies doing business internationally generally protect themselves against numerous risks, political risk is often ignored or accepted as fate. While there are many ways to manage and … [Read more...]
International Money Laundering. How to Make Sure Your International Business Stays Clean (Infographic)
Our firm is currently assisting in the prosecution of an international white collar crime matter. The allegations read like a James Bond novel and are so outlandish that film rights are being discussed. Like I said, this is interesting stuff. The thrust of the case centers on an international financial institution that uncovered a would-be depositor's scheme to launder … [Read more...]
Why “10 + 2” Does Not Always Equal 12: What You Need to Know About the U.S. Importer Security Filing Rule.
Last month I received an email from a potential foreign client regarding the Importer Security Filing (ISF) Rule, known in the international shipping industry as the “10+2” Rule. Specifically, this person wanted to know what the penalties were for failing to comply with the rule’s filing requirements. I’m not sure whether it was a coincidence or whether the writer knew that … [Read more...]
How to Terminate Your International Employees: An Overview.
Several weeks ago I received a call from the legal department of a U.S. company with operations in Asia. The company was looking to downsize its operations in the region and was unsure of its obligations in terminating this group of employees. The caller was right to be concerned. While terminating an individual employee here in the U.S. can be fraught with legal … [Read more...]