International Commercial Arbitration is the process used by parties conducting international business to resolve contractual disputes. Some of the frequent reasons that parties often favor arbitration is the general mistrust and uncertainty in laws, lack of fairness...
International Business
International Business
How Will the Recently Lifted Sanctions in Iran Affect American Businesses?
Since 2012, the United States and other countries have maintained an embargo on Iran that has prevented it from having any normalized trade relations with several countries. The purpose of these sanctions was to curb Iran’s nuclear Program. With the agreement of Iran...
What is Arbitration and is It Applicable to Your Contracts?
International Commercial Arbitration is the process used by parties conducting international business to resolve contractual disputes. Distrust and uncertainty in laws, fairness of the legal process, independence of judicial systems of other nations, procedural...
Options If Your Company has had a Trade Secret or Confidentiality Breached.
In the world of business today, protecting confidential information and trade secrets is an important part of conducting business. Business owners should be sure to have a detailed and carefully drafted agreement in place for all employees and vendors with whom their...
Understanding the Carriage of Goods by Sea Act (COGSA) and What it Means for Your Business.
The Carriage of Goods by Sea Act (COGSA) is American Legislation passed in 1936, yet is still used today. This act provided a way to enforce contracts under the international Hague Convention Rules. COGSA originally stated that all cargo ship owners are...
When Will the CISG Take Precedence Over the UCC?
The Uniform Commercial Code (UCC) and the United Nations Convention on the International Sale of Goods (CISG) have many similarities yet also contain many differences. If you are considering conducting business concerning the international...
How Does the Convention on the International Sale of Goods (CISG) Apply to Your Business?
If you plan on importing or exporting goods to another country, then you should be aware of the United Nations Convention on the International Sale of Goods (CISG). This is a treaty that was originally signed in Vienna in 1980. As of September 2014,...
The Importance of Corporate Ethics: Learning from Accounting Problems at Toshiba
Toshiba has been doing damage control since April of 2015. This is when allegations that the company had been inflating its profits over a number of years first broke. Independent investigators concluded that Toshiba overstated its profits by $1.22 billion. The...
The Importance of Proper Federal Compliance: The Volkswagen Cheating Scandal
Cheaters never win. This is especially true when trying to cheat governmental authorities. That is what happened for one of the most popular car manufacturers in the world, Volkswagen (VW). The VW debacle illustrates the importance of sincere corporate compliance. In...
Foreign Corrupt Practices Act Violations Lead to Expensive Penalties
FCPA Violations are leading to high fines. Alstom S.A. (Alstom) is a French power and transportation company. It was charged with violating the Foreign Corrupt Practices Act, and pleaded guilty to the charges. Alstom was charged with paying bribes to government...