While my posts are usually technical discussions centered on international business law, I’m going off topic today to write about a concept quickly gaining traction as a viable alternative to private banks in providing capital to impoverished entrepreneurs across the globe. On a recent trip to India, I caught a glimpse of the future as… Continue Reading
Monthly Archives: October 2009
Florida Court Refuses to Enforce $97M Foreign Judgment Against Dole
Posted in International LitigationIn an earlier post, I wrote about the Enforcement of Chinese Judgments in the United States and cited a recent California decision enforcing a Chinese judgment in the United States. The case is unique because it is generally believed that United States courts will not enforce Chinese judgments given the lack of a treaty between the two… Continue Reading
International Tender Offers: Structured Deals on the Rise
Posted in International Banking, International InvestmentsAs Forbes reported today in the article Dainippon completes tender offer for Sepracor, Dainippon Sumitomo Pharma Co. of Japan agreed to buy Sepracor, based in Marlborough, Mass., for about $2.6 billion, or $23 per Sepracor share. Sepracor makes drugs for respiratory and nervous system disorders. It reported $1.29 billion in revenue in 2008, with almost… Continue Reading
Alien Tort Claims Act: A Threat to U.S. Corporations Operating Overseas?
Posted in International LitigationThe rise in international litigation predicated on lawsuits filed under the Alien Tort Claims Act present significant risks for U.S. corporations that do business abroad. While the law was originally intended to protect US financial interests from piracy on the high seas, it was revived in the early 1980s to seek accountability for overseas human… Continue Reading
Lisbon Treaty a Boon for Business in the European Union
Posted in International InvestmentsAs recently reported in the Wall Street Journal in the article The Last Hurdle for the Lisbon Treaty, Ireland’s Oct. 3 approval of the Lisbon Treaty strengthened the odds for the European Union to gain global clout on issues from the economy and climate change to war and peace. An excellent overview on the… Continue Reading