Intl Sale Legal Issues Kk March 2010
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Transcript of Intl Sale Legal Issues Kk March 2010
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1Jim Chester / Klemchuk Kubasta 1
Legal Aspects of International Sales
Presented by:
Jim ChesterJim ChesterJD, LL.M, CHB, CCS
Klemchuk Kubasta LLPDallas, Texas
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The Legal Aspects of International The Legal Aspects of International SalesSales
Introduction: The "myth" of IBT law Why is IBT important? Managing risks, including: - credit risk / financial risk
- market risk - legal risk
- political risk
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Sources of Law & Legal Sources of Law & Legal TraditionsTraditionsComparative legal traditions
Common Law (US, UK & former colonies)- History- Sources of Law
- Hierarchy- Stare Decisis
Civil Code (Asia, Latin America, EU)- History- Sources of Law- Hierarchy- Role of case law
Special/Hybrid Systems - Islamic Law- Chinese Law
Modern Trends in both traditions - toward harmony
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Ways of “Going Ways of “Going International”International”
Exporting Distributors Licensing/Franchising Foreign Direct investment (FDI)
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ExportingExporting- Getting sales
-Direct-Sales Agents/Employees
- Getting paid- Export/Import regulation- Other Regulations
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ExportingExporting
The International Sales Contract- Differences with domestic Ks- Key provisions/terms
- Choice of law- Choice of Venue/forum- Translations- Currency- Payment- Force Majeure- Notice
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ExportingExporting
Vienna Sales Convention (CISG)- History- Current status- Applicability (opt in /opt out)- Key provisions- Compare/contrast UCC & CISG
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DistributorsDistributors- Choosing a distributor
- Key provisions/terms- Local laws
- Exclusivity- Cancellation/non-renewal
-IP License
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Licensing / FranchisingLicensing / Franchising- Four Basic Regimes of IP Rights
- Trademarks- Trade Secrets- Copyright- Patent
- IP outside the US- “First to file” v “First to use/invent”
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Foreign Direct InvestmentForeign Direct Investment Branches v. Subsidiaries Types of Subs
- “Greenfield”
- Merger/Acquisition
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Foreign Direct InvestmentForeign Direct Investment Joint Ventures
- Contractual
- Equitable
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FCPA / Anti-BriberyFCPA / Anti-Bribery
FCPA prohibits bribing of foreign government officials.
Who is subject to the FCPA?
What is prohibited?
What is allowed?
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FCPA / Anti-BriberyFCPA / Anti-Bribery What are the penalties for violations?
Red flags
Helpful hints- Require FCPA compliance in contracts - Avoid cash or bearer instruments- Carefully screen job applicants for foreign offices
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Questions?Questions?
Email: [email protected]
Direct: 214.367.6000
Klemchuk Kubasta, LLP8150 North Central Expwy.,
Suite 1150Dallas, Texas 75206
www.kk-llp.com