Fair Corrupt Law

Decent Essays

A great amount of uncertainty centers on whether S&V should branch out and start doing business internationally. ”Businesses may be required, even in their foreign operations, to continue to follow certain laws of their home country” (McAdams, 2015). One US law that should be paid close attention to when operating internationally is the Fair Corrupt Practices Act. The reason for this act is to prevent US companies from partaking in the act of bribery. Hence a business can’t bribe the foreign government to make business decisions that would benefit them. If bribery is enacted, there could be penalties inflicted on the company. Business owners may be shocked to learn that they can’t export anything that they please. There are two laws, …show more content…

OFAC serves to protect US businesses from engaging in any activity with a country that can hurt our national security and our business. Anyhow, Mexico is not on the Sanction list of countries that US does not want to do business with. Employment laws should also be considered. Outside of the country, Title VII still serves to protect employees from being discriminated against in their workplace by their employers. Other employment laws include ADAAA which prevents a disabled person from being discriminated against, and the ADEA protects individuals who are 40 years old and older from discrimination. “Specifically, Title VII, the ADAAA, and the ADEA apply to U.S. citizens employed overseas by American employers and foreign entities that are controlled by an American employer. However, non-U.S. citizens aren't entitled to the protections of Title VII, the ADAAA, or the ADEA” (McGahey, 2013).

II. Assess the legal implications of moving business abroad specific to your chosen country. What are the advantages and disadvantages? Globalization has caused companies to exchange services, goods,

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