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...]