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…

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…

From Soybeans to Steel: A Complex Future for China-Brazil Trade Relations

China and Brazil have built a strategic alliance that will alter the economic landscape for years to come. With extraordinary growth in the last five years, mainly through exports and investment, China has now become Brazil’s largest trading partner. In 2009, during the midst of the global economic crisis, China quietly displaced the United States…

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…

China At The Cross-Hairs of U.S. Trade Sanctions For Keeping Yuan Undervalued

On September 24, 2010, the Ways and Means Committee of the U.S. House of Representatives approved H.R. 2378, the Currency Reform for Fair Trade Act of 2010. This Act clarifies that unfair trade practices of dumping and subsidization related to imported goods is actionable under United States countervailing and anti-dumping laws. In broad terms, “dumping”…

Intellectual Property Rights in the Sultanate of Oman

Oman has enacted a seemingly comprehensive regime for the protection of intellectual property rights (IPR) through its participation in key international treaties, conventions, and protocols, and its implementation of domestic laws. These laws range from the procedural (how to register trademarks and names), to the substantive (the civil and criminal penalties for a breach). The…

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…

The Effect of Gome Electronic’s Shareholder Dispute on Private Business in China

Today, Gome Electronics is China’s second largest electronics retailer in terms of market value and the largest in terms of the number of stores, operating over five hundred stores around China. In November 2008, Huang Guanyu, founder of Gome Electronics, was arrested and later sentenced to 14 years for bribery, insider trading and unspecified illegal…