Middle Eastern countries are rich in history, culture, food, and language. The region is dynamic and deep in learned texts, insights, and more. However, outsider access to this region is becoming more limited as many Middle Eastern countries are reluctant to receive foreign criticisms of their economic policies, human rights records, or political unrest. This is in contrast to another country near the region that welcomes international students, business, and research into its country. This is the country of India. By allowing foreigners into its country, the Indian government is able to promote global economics and improve its advancement and scholarship.
After years of trying to prevent fraud and corruption in corporations at home and abroad, the U.S. Department of Justice (DOJ) has hired a corporate compliance expert. Several reports have stated that this expert is Hui Chen, the former head of compliance for Standard Chartered Bank and ex-assistant general counsel at Pfizer Inc. The DOJ believes that an expert in this field will allow the DOJ to determine more effectively if corporations should be criminally charged for failing to prevent wrong doing. This expert will also determine if all possible measures and programs were implemented under the Foreign Corrupt Practices Act (FCPA), yet the crime occurred anyway.
There are several opportunities for companies in India today. The country of India has a large nucleus of business that provides a wide assortment of services and products to the international marketplace. When it comes to intellectual property, such as trademarks, logos, and brand recognition in India, there is a specific set of rules and forms that must be filled out and filed properly in order to register your intellectual property. These rules differ significantly from the procedures that are required in the United States.
If you live outside of the United States and wish to enter the country in order to control an investment that you have made within the U.S., then you will need an E2 Visa. The main purpose of an E2 Visa is to allow people from other countries to own and operate a business in the U.S. This visa can be renewed for two year terms indefinitely. Only citizens of countries that have a treaty with the U.S. are eligible. Russia, Brazil, India and China are a few of the countries that are ineligible.
International private law encompasses business throughout the world. International business owners may sometimes find it difficult to determine who or what governs all of the international laws that relate to your business.
The reason this is so difficult to determine is that there is no definitive government body who oversees every single international law.
The United Nations is the most widely recognized and influential international organization. This is true even though many have come to doubt its effectiveness is recent years.
The judicial counterpart to the United Nations is called the International Court of Justice.
If you are currently operating an International Business or are considering starting one, you should be aware of the major legal principles that fall under International Business Law. There are three main legal principles that are recognized in much of international law. These are not actually required but are based primarily on courtesy and respect. The three main principles are: the Principal of Comity, the Act of State Doctrine and the Doctrine of Sovereign Immunity. Each one of these is described as follows.
Now that you are operating a thriving business, you have decided that it is time to expand overseas. There are many factors to consider before expanding and with the help of an international business attorney all of your concerns can be addressed.
I wonder how many people understand the importance of managing an Intellectual Property Portfolio? Companies place their focus on the obvious items like trademark and patents and sometimes fail to see how much more they can be capitalizing on such as trade secrets or trade dress for example. This is how such companies as Coca-Cola make their money, by keeping their formula a secret. What are your company’s strengths and assets? What is it about your product that makes it special and competitive?
Do you find international business law interesting and intriguing yet remain unclear as to what it encompasses? International Business involves operating a business across national boundaries or that will have an effect in another country. This includes activities such as the buying and selling of goods; investments in industries; the licensing of processes, patents and trademarks; and the supply of services. The number of corporations conducting International business is constantly changing.