M&A in the Middle East: Balancing Risks, Reaping Rewards

Fueled by tremendous growth potential and an increasingly progressive regulatory environment, the Middle East is fast becoming a hotbed of Mergers and Acquisition activity. Today, for example, the UAE is experiencing an upsurge in cross-border M&A activity. As a result, dealmakers throughout the Gulf Cooperation Council, including Bahrain, Saudi Arabia, Oman, Qatar, and Kuwait, should…

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…

The Future of Chinese-Based Reverse Mergers in the U.S.

The United States Securities and Exchange Commission («SEC») is increasing its scrutiny of China-based companies suspected of submitting questionable financial statements to participate in reverse merger deals. A typical scenario involves a Chinese company that wishes to merge with U.S.-based shell companies for the sole purpose of gaining access to a U.S. stock exchange. The…

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…

Turning the Heat on I.C.E.: Freedom of Information Act and Electronic Metadata Collide

Electronic documents such as PDF files must include all metadata when being submitted in response to discovery requests according to a recent decision by the Southern District of New York. In Nat’l Day Laborer Organizing Network v. United States Immigration and Customs Enforcement Agency, the Court held that the Immigration and Customs Enforcement agency, in…

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…