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…

A New Breed of Foreign Direct Investment in China: Tourism

Overseas tourist destinations are becoming increasingly popular among Chinese people who are fond of travelling in their leisure time. In line with the growing outbound tourist trend, the Chinese government has recently issued the Provisional Measures Governing Outbound Tours Operated by Sino-Foreign Joint Venture Tourist Agencies (“Measures”). The Measures came into effect on 7 September…

The Singapore Sling Meets the Mojito

Last month, Singapore welcomed the world’s only high-speed Formula One (“F1”) night race. Under the backdrop of the Grand Prix, Singapore hosted the Seventh Latin Asia Business Forum. Economists are forecasting a healthy growth rate for trade and investment between Latin America and Southeast Asia, specifically Singapore. The potential opportunities for collaboration between the regions…

Resolving Disputes in Private/Public Partnership Agreements

Generally speaking, public-private partnerships (PPPs) are mechanisms through which public sector works can be constructed, managed and/or operated by a private entity for the ultimate benefit of the public. PPPs are inherently complicated projects with numerous contractually obligated participants involved. Thus such PPP projects demand a concerted diligence to manage and avoid potential disputes. There…