Due diligence is an investigation of a business or person prior to entering a contract. It often involves a comprehensive appraisal to establish assets and liabilities or to evaluate commercial potential. Though due diligence is important anywhere, it is doubly important when dealing with companies in countries where things are often not what they seem and where the legal system is less than ideal.
There is now an opportunity to request DOC AD/CVD Administrative Reviews for products with AD/CVD orders with a December anniversary month. We have posted about many antidumping (AD) and countervailing duty (CVD) petitions that trigger investigations conducted by the U.S. Department of Commerce (DOC) and U.S. International Trade Commission (ITC) on imports of certain products. Most of these cases result in AD/CVD orders being issued after the DOC and the ITC complete their investigations and make final determinations on whether a domestic industry is injured by subject imports (ITC) and to what extent those imports are dumped or subsidized (DOC).
Doing business in or with Taiwan is likelier to get tougher for those who also do business in or with China. As China ramps up its attempts to pressure and intimidate Taiwan, we expect it to expand the scope of what is unacceptable cooperation with Taiwan's government. If political donations to Taiwan's governing party are verboten, why not paying taxes? Or establishing a company in Taiwan? Or selling equipment to Taiwan's military? Or even simply doing business in or with Taiwan?
The International Shipping and Logistics Crisis. U.S. Federal Maritime Commission (FMC) Commissioner Carl Bentzel discusses what we should expect in the future and what we can and should we be doing to resolve this crisis.
It is important to have your contracts with foreign companies be in their language as well, for a whole host of reasons. The main reason is to achieve clarity. Having a well-written contract in their native language assures you that your foreign counter-party with which you are doing business truly understands what you want of it. It puts the two of you on the same page.
There have always been benefits to international licensing, but the benefits of international licensing have increased due to COVID. and too many business owners miss the opportunity to generate revenue and increase their business' value by licensing their technology internationally.
Is your Company Sufficiently Diversified? Is your company "too" dependent on China for its products or its sales? What are you doing about it?
In this podcast, Gregory Shaffer, author of Emerging Powers and the World Trading System, discusses international trade law with Fred Rocafort and Jonathan Bench.
Common factors used for choosing a location for an international business.
The Ten Keys to International Business Success.
