In the Netherlands, business owners have to request the advice of the Works Council (OR) well in advance of a merger of takeover decision. If the business owner fails to make the request for advice timely, the Enterprise Chamber may require him or her to withdraw the decision. Therefore, it is crucial to follow the advisory path correctly and consult the works council well in advance. But what does "well in advance" mean?
Currently, an open-ended investment fund in Hong Kong can only take the form of a unit trust. However, Hong Kong based managers will soon have the choice of an alternative structure, the open-ended fund company (“OFC”), for establishing investment funds in Hong Kong. The objectives of introducing OFC is to offer an alternative legal structure for setting up local funds and to attract more funds to domicile in Hong Kong.
In the Netherlands, before the takeover of a company the board of the buyer usually commissions due diligence investigations (also known as audits) of the company they intend to take over. This sample will answer some questions about this type of investigation.
When a company starts a new project, the question of financing is an issue. In Germany, a new alternative to the traditional loan process is being tested.
Each company has the statutory requirement to promote its own interests. Consequently, companies from the same group may have conflicting interests in certain situations. Read more as to how conflicts are resolved and where ultimate responsibility of message lies.
Different rules and damages apply when a director resigns from their post in Germany. In this policy statement, those positions are clarified to better prepare companies for such an event.
Starting a business is easier than ever these days. But it's also easier than ever to get yourself into trouble. Practice these policies that help ensure the success of your new business.
This Check Card provides a handy reminder of key elements of your company’s Foreign Corrupt Practices Act (FCPA) compliance policy and is designed to help employees ensure they make a habit of considering all potential corruption issues. The do's and don’ts covering the company’s FCPA policy must provide clear expectations for engaging in conduct with business partners and other third parties.
This sample checklist illustrates how to implement a necessary element of a comprehensive Foreign Corrupt Practices Act (FCPA) program, and is designed to help compliance professionals, in the United States, ensure they have considered all of the issues. Thorough and well-documented due diligence on third parties is a crucial element in a company’s compliance program to prevent liability under the FCPA.
This sample request form illustrates how to incorporate a necessary element of a comprehensive FCPA program into your company’s compliance library and is designed to help compliance professionals ensure they have considered all of the issues. To avoid violating the FCPA, companies must take care not to give anything of value, including entertainment, to foreign government officials.