Overview of International Business Legal Issues

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Overview of International Business Legal Issues

  1. 1. Practicing Law in a Flat World A Discussion of Common International Legal Issues Presented by Jim Chester J.D. / LL.M. / CHB
  2. 2. Why is the World “Flat”? • Every person and business is affected by globalization • Technology & Globalization have leveled the international “playing field” • Increased competition • Outsourcing of services, including legal services
  3. 3. The “Myth” of Private International Law • Law - a rule of conduct or action prescribed or formally recognized as binding or enforced by a controlling authority (Webster’s Dictionary) • No “supra-national” court or police force • Does Exist, but not in any one source • As codified in national laws • Via contract between parties • Industry standards and customs
  4. 4. Private International Law Three Main Elements: 1. International Business Transactions (IBT) 2. International Trade Law (ITL) 3. International Civil Litigation (ICL)
  5. 5. Private International Law IBT ICL Weeks/Months Years/Decades
  6. 6. International Business Transactions (IBT)  95% - Domestic law - (e.g., contract)  5% - International  Special Considerations  Practical  Currency Risk, etc.  Legal - Contracting  Jurisdiction, Translations, etc.  Effect of foreign laws  CISG  UCC v. INCOterms2000
  7. 7. International Business Transactions (IBT) Examples of IBT Legal Matters  International Contracts  Distribution Agreements  Joint Ventures  Setting up Foreign Companies  Setting up U.S. Subsidiaries
  8. 8. International Civil Litigation (ICL)  95% - Domestic law (US or other)  5% - International Aspects  Special Legal Issues  Jurisdiction, etc.  Deposing Foreigners - “comity” or local law  International Conventions  Hague Conventions  Service of Process  Taking Evidence Abroad (depositions, etc.)  Int’l Enforcement of Judgments
  9. 9. International Civil Litigation (ICL) Examples of ICL Legal Matters  Suing There  Jurisdiction Issues  International Procedural Rules  Supervising Int’l Counsel  Suing Here  Jurisdiction Issues  Collecting Foreign Judgments  Obtaining Evidence from Foreign Parties
  10. 10. International Trade Law (ITL)  99% Domestic Law - U.S. or other  Key Elements  Customs & Import Law  Export Control & Trade Sanctions  Trade Agreements & Preference Programs  Trade Regulation
  11. 11. International Trade Law (ITL) Examples of ITL Legal Matters  Customs and Import Law  Protests  Ruling Requests  Import Compliance Programs  Fines & Penalties  Liquidated Damages  Seizures & Forfeitures  Internal Audits & Compliance Assessments  Cargo Security (C-TPAT, etc.)  Foreign-Trade Zones
  12. 12. International Trade Law (ITL) Examples of ITL Legal Matters  Export Control & Trade Sanctions Export Licensing Export Compliance Programs Sanctions & Embargoes Internal Audits & Compliance Assessments
  13. 13. International Trade Law (ITL) Examples of ITL Legal Matters  Trade Agreements & Preference Programs  NAFTA  WTO/GATT  FTAA  Generalized System of Preferences (GSP)  Bi-Lateral Free Trade Agreements (Singapore, Australia, Jordan, Israel, etc.)
  14. 14. International Trade Law (ITL) Examples of ITL Legal Matters  Trade Regulation Quotas Antidumping Countervailing Duties/Subsidies Safeguards (§201, §301, etc.) Foreign Corrupt Practices Act Antiboycott ITAR
  15. 15. Questions? Email JFChester@TradeLawFirm.com Direct 214.800.2845 Toll Free 1.877.34.World

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