According to Forbes, the government has initiated more proceedings under the Foreign Corrupt Practices Act in the last five years than it did in the previous twenty. Given the huge expense and political and economic implications of
Latin American Blog
Legal Issues Affecting the Hispanic Latino Market & Hispanic Latino Companies
The Latin American Blog, published by Sheppard, Mullin, Richter & Hampton LLP, focuses on legal developments and regulatory issues affecting Latin America. It covers topics such as infrastructure concessions, international trade agreements like NAFTA and USMCA, sanctions enforcement and compliance, foreign investment reviews including CFIUS, and cross-border commercial transactions. The blog addresses government policies, enforcement trends, and dispute resolution relevant to businesses operating in or with Latin American countries. It also highlights sector-specific matters including transportation, energy, and customs compliance, providing insights into legal risks and strategic considerations in the region.
Latest from Latin American Blog - Page 14
Senate Bill 3325 – The Enforcement of Intellectual Property Rights Act of 2008: The Good, the Bad and the Ugly
By Beni Surpin and Crystina Coats
In his opening remarks to the Senate, when presenting Senate Bill S.3325 to the floor on July 24, 2008, Senator Evan Bayh (D – Ind.) stated: “if hundreds of our cargo ships were being…
Cross-Border Transactions: Notable Differences in Due Diligence
By Jerry Gumpel, Jeralin Cardoso and Larissa Calva-Ruiz
Introduction:
The type of transaction and the purpose behind the transaction will largely shape the focus of the due diligence process. Due diligence is about uncovering hidden risks and reducing further exposure. Whether…
The Federal Public Attester as Facilitator of Commerce
By Lazaro Pena Ruiz, PricewaterhouseCoopers, S.C.
Preliminary Considerations
Like most Civil Law systems that are descendants of the Roman system, the Mexican legal system bases its functionality in the codification of its laws and at the same time grants more…
Some Insights on the Mexican Flat Tax and the Tourism Real Estate Industry
By Mauricio Monroy, Deloitte
On January 1, 2008, a business flat tax (flat tax), also known as IETU, its Spanish acronym, became in force in Mexico. The tax was enacted through a decree published on October 1, 2007 in the…
Uncertainty of the Maquiladora Plants in Mexico
By Gerardo Hernandez Reyes, Jose Luis Alvarez Palacio, Sergio Barajas Perez, Turenna Ramirez Ortiz and Luis F. Martinez, Basham, Ringe y Correa, S.C.
In recent years, the Tax Authority Auditing Offices have begun to implement a series of revisions in…
Chapter 15 of the Bankruptcy Code – How International Businesses Cope with the Realities of Capitalism
The globalization of the world’s business activities and the nearly universal adoption of capitalism as the world’s economic system have led to two related phenomena. The first is the need for effective national economies to enact an…
The Global Credit Crunch: Is it a MAC?
By David Sands and Gabriel Matus
With the uncertainty surrounding the long term effects of the current credit crunch, buyers and sellers in M&A transactions are pondering how to best protect themselves. The traditional guard against the unforeseen is the material…
A Notice for Latin American Businesses: Understanding Products Liability Law and Recalls of Defective Products in the United States
By Polly Towill and Olivier Theard
Introduction
Latin American companies have had relatively open access to the market in the United State and sell billions of dollars of merchandise to U.S. consumers every year. While enjoying the fruits of this trade,…
Is Your Money Going South?
By Luis F. Martinez Serna, Basham, Ringe y Correa, S.C.
Summary
This essay will discuss a North American Free Trade Agreement (“NAFTA”) shortcoming that results in the unfair payment of import duties, fines, interest, and antidumping duties. Many times, funds…