August 12, 2010
China
WILL PAYPAL THRIVE IN CHINA? Guest post by Vincent Li, Associate Attorney, Diaz Reus. On June 21, 2010, the central bank of China issued the administrative rules governing payment services by non financial institutions (the “Rules”). The Rules are the first set of regulatory measures China has adopted towards non-bank third-party payment processors like PayPal. [...]
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July 20, 2010
China
Beware when doing business in Latin America. Thanks to growing Chinese and Middle Eastern investment there, fraud and bribery are growing as well. Business practices considered unethical, fraudulent and illegal in the United States, such as bribery and financial “favors,” are largely tolerated and thriving in the developing regions of the Western Hemisphere, with little [...]
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Cuba Attempts at Privitization
November 8, 2010 CaribbeanThe Cuban Communist Party is expected to unveil a broader agenda for economic growth later this year or in early 2011, which could hint at preparations for a political transition to life beyond the aged Castro brothers. Announcing public sector layoffs of over 10% of the nation’s 5.5 million workers and a plan to relax [...]