Mexico Offers Automotive Companies Business Opportunities

The Mexican automotive industry was hit hard by the global economic slump. Nonetheless, several distressed automobile manufacturers, including General Motors and Chrysler, both of which underwent Chapter 11 reorganizations last year, have continued to expand their presence in Mexico. As automakers and suppliers attempt to return to profitability, they likely will look to countries with…

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…