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
Recently I spoke with some good friends in the finance space about the global economy, China, and debt capital. One is a vice president and underwriter at a US East Coast private equity firm. The other is the owner of an investment banking firm in the midwestern US. They are steeped in the finance world,
Noa Argamani is one of the hostages seized by Hamas and a video of her abduction has been circulated worldwide. Though Noa grew up in Israel, her mother was born and raised in China. Her parents have embarked on a public relations campaign to highlight Noa’s Chinese background. The family believes that given the long-standing
The Chinese Manufacturing Times Are a Changin' For companies buying products from China, doing business used to be straightforward - you placed an order, they shipped the goods. Those days are gone. Chinese manufacturers are struggling, and buyers who understand the new landscape can negotiate deals that were unimaginable just a few years ago. Play
Introduction A toy importer, thrilled about getting its toys from Vietnam at a great price paid $2 million upfront to a supposed "toy maker". The dream turned into a nightmare when they realized there was no such Vietnamese toy maker, and no toys would ever materialize. This importer isn't alone. Many foreign companies have faced
The Hidden Trade Barrier: Sinosure's Export Credit Insurance Blacklist China's Sinosure, a major (virtually the only) provider of export credit insurance to China's factories, plays an instrumental role in facilitating trade between Chinese suppliers and international buyers. However, there's an under-discussed aspect of their operations that is detrimental for certain countries: the so-called "country blacklist".
The international lawyers at my law firm have been increasingly fielding inquiries from companies looking to diversify their supply chains away from China. Many of these companies are looking to move their China manufacturing to Southeast Asia. To help our clients moving to or already in Southeast Asia, I recently went to Vietnam, Indonesia, and
About a decade ago, I gave a speech on software outsourcing at a major software event. Last week, I found my outline for that speech and this post is based on that outline, revised and updated. It is largely based on my experiences and what I have learned from talking with clients and other businesses
