International business transactions
International business transactions, including export controls, sanctions, CFIUS reviews
Avoiding World Bank Sanctions: A Guide for Businesses
World Bank sanctions can be a death sentence for businesses involved with the Bank or other development institutions. To protect your operations, it's crucial to take proactive steps to avoid these sanctions. This article provides a breakdown of key measures to keep your business in the clear.
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Navigating Uncertainty: Legal Support for Small Businesses Amidst Trump-Era Tariffs
The Trump administration's tariffs have created significant legal and economic challenges for small businesses, including increased costs, supply chain disruptions, and heightened uncertainty. These tariffs, aimed at reshaping trade and domestic policy, have faced legal challenges, with courts ruling against their use under certain statutes. Small businesses must navigate these complexities by understanding tariff classifications, preparing for potential refunds, and exploring alternatives such as domestic suppliers or strategic price adjustments. Collaboration and staying informed are crucial for mitigating the impact of these unpredictable policies.
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World Bank Sanctions: When INT Knocks on Your Door
Winning a World Bank contract is no small feat. You’ve navigated a challenging procurement process and committed to upholding the Bank’s stringent ethical standards to safeguard the integrity of the process to obtain and implement the project. You’ve read the latest World Bank procurement regulations for investment project financing, and particularly the World Bank Group’s Sanctions Framework. You’ve pledged to steer clear of corrupt, fraudulent, collusive, or coercive practices. But what happens when the Integrity Vice Presidency (INT) comes knocking? An investigation into your contract can be a daunting turn of events. Understanding the World Bank’s Sanctions System (WBSS) is crucial for anyone working with World Bank-funded projects. This article breaks down the essentials of the World Bank’s…
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Improper Influence in Academic Research: False Claims Act
There have been a rash of news stories on various constraints under which U.S. universities and other research institutions must labor to cooperate with foreign institutions and academics. This is a hot issue because the life blood of many U.S. institutions is cooperation with foreign institutions. The U.S. government has been keenly concerned about this cooperation because of the specter of espionage and intellectual property theft. Institutions of higher learning have countered that overzealous government oversight impedes academic freedom. Given this heightened scrutiny, researchers, colleges and universities need to understand the constraints that are imposed in cooperating with foreign institutions and researchers. There are three major laws today that are in the toolkit of prosecutors who are scrutinizing these…
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Foreign Investment in the U.S.
If you own a foreign company and are thinking of opening up for business in the United States then you should read this article. Despite the challenges, foreign businesses continue to flock to the United States. This article gives an overview of the major decisions that foreign businesses must make as they explore entering the U.S. market. They usually set up a subsidiary not a branch, and confront issues of where to form the new entity. They consider issues dealing with tax, immigration, CFIUS reviews, corporate structure and other issues as they enter the U.S. market.
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Anti-Corruption Compliance Programs
Formulating policies and procedures is a critical step in building your business. These policies and procedures may be found in an employment manual or a compliance program. Every business and especially those doing business overseas should have an anti-corruption compliance program. This article provides an overview of anti-corruption compliance programs. Anti-corruption programs are quickly becoming part of the compliance landscape for U.S. companies, regardless of size and even those who have little foreign activity.
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Business Acquisitions in US: CFIUS Reviews Expanding
If you are a foreign company and have loads of money to purchase a U.S. business, the U.S. has generally welcomed your foreign cash. But there are limits regarding the kinds of businesses foreign companies are allowed to acquire. This article provides an overview of The Committee on Foreign Investment in the United States (CFIUS) and its role in reviewing transactions in which a foreign company is buying an interest in a U.S. company. The number of transactions that have to comply with CIFIUS’s notice requirements has increased significantly in recent years and the trend is expected to continue.
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Sanctions Against Russia: Secondary Sanctions
You are a business in the United States, and you are about to do business with a Russian company. Caution! Let’s say you find out that your erstwhile business partner is on the Specially Designated Nationals List (SDN List). Or you find out that your foreign business partner is owned by an individual or company on the SDN List. You need to consult with a sanctions attorney. This article reviews some of the options you have available to you and discusses possible consequences if you are caught violating the sanctions regime.
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Sanctions Against Russia: Sectoral Sanctions
Sanctions against Russia have put a damper on the enthusiasm of working with Russian businesses. The costs of doing business with Russia may far exceed the benefits because of a web of challenges, including navigating the sanctions regime. In this article, we discuss sanctions against “sectors” of the Russian economy. This type of sanctions applies to companies and individuals in Russia’s financial, energy, and defense sectors. Unlike blanket sanctions against individuals and companies on the Specially Designated Nationals and Blocked Persons List (SDN List), sectoral sanctions are directed at certain sectors.
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Overview Russia Sanctions: Individuals and Companies on SDN List
As businesses enter global markets, they may fail to recognize risks lurking beneath the surface. The U.S. government employs a range of tools to alter or deter what it views as objectionable behavior. The U.S. government targets not only foreign governments, but also individuals and businesses. We provide an overview of economic sanctions, especially as they affect doing business with Russia. We provide an overview of Russia sanctions against Specifically Designated Nationals known as SDNs.
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