Dodd-Frank and Basel III: Implementation in the U.S.

The Dodd-Frank Wall Street Reform and Consumer Protection Act requires federal banking agencies to set minimum leverage capital and risk-based capital requirements for financial institutions. Similarly, under the newly implemented Basel III regulatory standards, banks will be required to hold more liquid capital. Both regulatory reforms impose additional and more stringent standards pertaining to capital…

Setting up Your Business in Colombia

Colombia is the fourth largest country in South America. With substantial oil reserves and natural resources, Colombia provides an array of business opportunities for the knowledgeable foreign investor. Colombia’s efforts to improve current economic policy and democratic security have further increased investor confidence in Colombia’s economy and growing business sector. Colombian laws provide foreign investors…

Qatar: Safe Haven for Investors During Mideast Turmoil

Qatar is currently receiving unprecedented levels of interest from foreign investors as a result of diminished business opportunities and lower investment returns in the U.S. and Europe. Despite turmoil in other parts of the Middle East, Qatar’s economy continues to thrive. Multinationals are looking to capitalize on the region’s expanding economy, relative economic and political…

Bloodshed in Libya Prompts New Sanctions

In the wake of civil unrest in Libya, the U.S. President has frozen $30 billion worth of Libyan assets – the largest asset freeze under any U.S.-based sanctions regime. The United Nations has also restricted financial transactions with Libyan government entities and personnel. Given the breadth of these new restrictions on Libya, businesses and entrepreneurs…

Risk-Based Compensation Practices in the U.S.

Risk-based compensation is a practice whereby banks and financial institutions create attractive compensation packages as an incentive for executive employees willing to make risky—inherently unsafe—business and financial decisions. The recent history of the financial markets strongly suggests that the practice of incentive-based compensation compel bank executives to turn a blind eye to the true dangers…

The Growing Cost of Investing in China: A Shift in Strategy

Beginning December 1, 2010, foreign enterprises in China were required to pay “municipal maintenance and development taxes” and “educational taxes,” eliminating the last two tax exemptions that were previously accorded to foreign-invested companies. As a result, foreign invested companies enjoy no more tax benefits and bear the same tax burdens and obligations as their Chinese…