Assignability of International Concessions
Cross-border business relations are becoming more and more common. In order to protect the interests of foreign investors, many countries have enacted laws and regulations providing investment concessions. Such concessions give foreign investors certain rights, benefits, and protections that are not available to domestic investors.
When an investor transfers...
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The US and EU Look To Regulate Generative AI
The rapid advance of generative AI technologies like Open AI’s ChatGPT and other chatbots has captured the attention of regulators in the US, EU, and UK. Whether regulators can place guardrails on these technologies or if the AI genie is out of the bottle remains to be seen. Let’s take a look...
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Piercing the Corporate Veil: A Comprehensive Guide to International Law
Piercing the Corporate Veil is a legal concept that involves disregarding the separate legal entity of a company, allowing individuals to be held personally liable for the debts and liabilities of the corporation. It is a complex and highly debated topic in international law, with each country having its own unique set...
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Understanding ICSID: A Guide for Global Business Clients
The International Centre for Settlement of Investment Disputes (ICSID) is a vital institution for investors and states alike, aiming to facilitate the resolution of disputes arising from international investment. As a global leader in international arbitration, ICSID has become an essential forum for investment disputes.
In this blog,...
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Recovering Lost Funds in Foreign Direct Investments
Investing in foreign markets can provide an opportunity for significant gains, but it also comes with inherent risks. Foreign Direct Investments (FDIs) are a popular form of international investment, allowing businesses to establish operations or acquire assets in other countries. However, sometimes these investments can lead to financial...
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Duties of International Freight Forwarders -46 CFR § 515.32
Freight forwarding is a critical component of the logistics industry, responsible for moving goods from one location to another. However, sometimes disputes arise during international freight forwarding and these disputes endanger the safe delivery of goods. Freight forwarders are obligated by law, through the Federal Maritime Commission (FMC), to act fairly and...
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Section 1782 for International Arbitration
Recently, the United States Supreme Court made a significant ruling that impacts parties in strictly private foreign or international arbitrations seeking to obtain discovery by using Section 1782. In a unanimous decision, the Supreme Court held that Section 1782 does not apply to parties in private foreign or international arbitrations. This decision...
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Essentials of International Arbitration in Joint Venture Agreements
Businesses aiming to expand their reach outside their home territory need to consider the legal and practical aspects of forming international partnerships. One key aspect is the formation of a joint venture agreement between the partners. While traditional court-based litigation systems are available for disputes, they work differently in an international context....
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The significance of Bilateral Investment Treaty in Resolving International Disputes
Are you familiar with Bilateral Investment Treaty, or BIT? This is an agreement signed between two countries to promote and protect investments made by their respective companies within each other's territories. These treaties play a vital role in creating a favorable investment climate, a stable framework for investors, and most importantly, resolving...
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Vicarious Liability in International Law
The law mandates holding someone accountable whenever there is a legal claim for personal injury or property damages. The question is what happens when the person who causes the harm cannot be held responsible for their actions? This is where vicarious liability comes in. It is a legal doctrine that holds...
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