international intelligence Bulletin:
Bringing You Worldwide Developments in Business, Law, Economics, & Politics
| Regional News |
China
Foreign Companies Doing Business in China Conflict with U.S. Anti-Bribery Laws
U.S. companies continue to run afoul of U.S. anti-bribery laws (the Foreign Corrupt Practices Act) in their China business. Recent cases highlight the seriousness of this important U.S. policy. Click here for more information.
Middle East
Saudi Arabia Pledges to Not Enforce Arab Boycott against U.S. Companies
Saudi Arabia has pledged not to enforce the secondary and tertiary aspects of the Arab Boycott of Israel. The United States and Saudi Arabia reached an agreement as a condition for Saudi Arabia’s accession to the World Trade Organization. Click here for more information.
| Legal News |
Law Firm Gives Bad Advice on Cuba
Morgan Lewis & Bockius may be held liable for incorrect counsel given to clients conducting business in Cuba. The firm is being sued for faulty advice regarding the blocking statutes of the United Kingdom and the Foreign Sovereign Compulsion Doctrine, which ultimately led to the criminal prosecution of the clients by the United States. Click here for more information.
New Rules Governing Written Tax Advice
The Circular 230 Regulations provide the rules with which practitioners must comply in order to practice before the Internal Revenue Service. The Treasury Department recently made substantial amendments to these rules that became effective June 21, 2005. Kenneth Birrell of Kirton & McConkie summarizes the new rules, their requirements, and their impact on written tax advice. Click here for more information.
| Industry News |
Special Issue On The International Multi-Level Marketing Business
Direct Selling Regulations Approved by China’s State Council
China has finally issued its long-awaited regulations on direct selling. See important changes in these regulations by clicking here.