Cutting Legal Corners in Emerging Markets Introduction It can be tempting to take shortcuts to expedite processes or reduce costs in an emerging market country. But these shortcuts often lead to legal and reputational risks that can have severe consequences for your business. Despite assurances (usually given to you by your local employee/fixer/partner) that your
CFIUS Reporting Requirements The Committee on Foreign Investment in the United States (CFIUS) is an interagency committee that reviews certain transactions involving foreign investment in the United States. Its role is to identify and address any national security risks that could arise from these potential investments. With increasing global tensions over technological competition and supply
Balancing Between U.S. and China Regulations Companies that do business in or with both China and the United States must navigate the geopolitical tensions between these two countries The escalating legal and regulatory conflicts between these superpowers have created a challenging "compliance dilemma." In this post I explore the intricacies of this dilemma and what
International Joint Ventures An international joint venture can provide a pathway to new markets, shared innovation, and the distribution of risks and resources. Yet, the allure of these global partnerships is matched by the complexity of their execution, where success hinges not merely on the alignment of business strategies but, more fundamentally, on the compatibility
Mastering International Payment Terms: Essential Strategies for Business Security International trade opens up a world of opportunities for businesses, but it also presents a minefield of risks, particularly with payment terms. Cross-border trade disputes commonly involve issues related to payment terms and conditions, and without proper safeguards, unfavorable payment terms can cripple a company's cash
Decoding U.S. Tariff Classifications – A Comprehensive Guide For businesses involved in international trade, effectively navigating U.S. custom regulations can lead to significant cost savings, compliance benefits, and a smoother trade process. A key component of this process is understanding tariff classifications. What is a Tariff Classification? Tariff classification assigns a unique code to every
Last week, I spoke at Brigham Young University’s annual China Conference, which is now in its eighth year under BYU professor Peter Chan. This year the conference’s theme was Peace Together: Continuing a Culture of Collaboration. Professor Chan has become a good friend over the past few years since I started attending the conference. He
Pivoting from China to India Recently, India’s Consul General K. Srikar Reddy met with a group of business leaders in Salt Lake City, Utah at World Trade Center Utah to discuss increasing business relationships between Utah and India. Mr. Reddy is based in San Francisco and covers the western US. He was previously posted in
All glory is fleeting. -- George S. Patton Jr. Had an interesting conversation with a client the other day. To protect identities, I am going to change a few unimportant facts and be somewhat vague, but here goes. The Unpredictability of Government-Dependent Business This company is in an industry very much related to government. By
United States Corporate Transparency Act (CTA) With the commencement of the new year, the recently implemented Corporate Transparency Act (CTA) is now in full force. In recent years, many so-called “tax haven” countries, to avoid black- or grey-listing by the US Treasury Department, have had to increase their beneficial ownership transparency. The CTA brings the
