International Corporate Expansion, in Energy or Other Industries, Demands Compliance Diligence
January 24, 2014
HOUSTON – The same countries that open their doors to foreign investment in offshore drilling and other business opportunities may be beefing up their nations’ anti-corruption regulations, making caution and compliance keys to success, two AZA lawyers say in a new article.
Attorneys Paloma Zepeda and Sean Gorman of Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing P.C., or AZA wrote the article “International Trade Opportunities From Around the World” for the Expert Guide – International Trade 2014. The article appears starting on page 20 in the guide found here.
The article reviews some compliance changes and expectations in Brazil, Mexico, Iran and China and discusses the need for outside counsel to review internal business controls.
“Are you sure your business doesn’t touch on international trade or anti-corruption regulations? If your company deals in electronic storage and retrieval of information, you may be exporting technology without even realizing it,” the article notes. The authors warn that having foreign clients can trigger obligations for a U.S. company.
Regulations that companies doing business overseas should understand include export, anti-corruption and financial rules on issues including money laundering, the authors write. And Ms. Zepeda and Mr. Gorman warn that information given during foreign government investigations may be shared by that government with U.S. officials, sparking a domestic investigation as well.
Ahmad, Zavitsanos, Anaipakos, Alavi & Mensing P.C., or AZA, is a Houston-based law firm that is home to true courtroom lawyers with a formidable track record in complex commercial litigation, including energy, intellectual property, securities fraud, construction and business dispute cases. AZA is recognized by U.S. News & World Report and The Best Lawyers in America as one of the country’s best commercial litigation firms in the 2014 listing of the nation’s leading law firms. National corporate counsel named AZA one of the country’s best in client service among law firms serving the Fortune 1000. AZA has been hired on many occasions by the same companies the firm has prevailed against at trial. Read more at https://www.azalaw.com.