Experts warn that new top level domains bring with them security risks.
“ICANN is moving a little too fast with these new gTLDs without really giving people time to get ready,” [DigiCert associate general counsel Jeremy] Rowley said in an interview.
Rowley is a member of the CA Security Council (CASC) alongside executives from Symantec, Comodo, Entrust, GMO GlobalSign, Trend Micro and Go Daddy.
This is the first in a series of blog posts intended to provide a high level overview of the business, structural, tax, employment and legal considerations for conducting business in India, written in collaboration with Manish Mishra, Executive Director of Meritas Indian member firm Khaitan & Co. By no means do our posts address every aspect and consideration for conducting or seeking to conduct business in India. To address any specific business structure, joint venture, employment or consulting relationship, tax issue or dispute, we recommend that you contact your legal or tax advisor. The information contained in this blog is provided on an ‘as is’ basis on the date of publication.
Part I. Starting Up
Being a former colony of Britain, the Indian legal system has historically followed the principles of common law and derives significantly from a tradition of rich jurisprudence. The system has been flexible enough to adapt to the ever changing global marketplace, which facilitates inviting investment in both venture capital and private equity from all sectors.
So, if you are interested in establishing a business operation in India, what are your basic structural considerations?
This week in international business, we cover news on the World Trade Organization’s forecast for projected trade growth in 2013, China’s new currency trade partner, Luxembourg’s bank secrecy rules, and U.S. Federal Reserve plans for stimulus-related policy of purchasing of U.S. bonds.
While the U.S. Senate has been working in Washington this week to craft some form of immigration reform bill, thousands are protesting in Washington, D.C., and other major U.S. cities. Many believe that a comprehensive immigration reform bill will emerge from the Senate by the end of the week, perhaps along the lines of the failed 2007 bid by the Bush Administration. Given the current climate to secure our borders and limit the cost of government services pushed by conservatives and the creation of rights for illegal immigrants and promoting a path to citizenship by liberals, there is no doubt that there will be heated debate both in and outside the beltway.
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This week in international business, we have an update on relations between Apple and China. We also cover news on efforts in Japan to achieve 2% inflation rate, impact of Puerto Rican bonds on the U.S., and revelations on who is taking advantage of offshore tax shelters.
Last month, I suggested that foreign manufacturers might learn more about U.S. products liability laws by attending the Defense Research Institute Annual Products Liability Seminar this week. I’ll take this opportunity to report from the conference on some interesting topics from seminar sessions I’ve attended so far.
Just days after the Supreme Court’s decision allowing a purchaser of books abroad to re-sell them in bulk in the U.S., thereby exercising the purchaser’s “right of first sale” of a copyrighted work, which expressly provides such a sale is not a violation of the copyright law, on March 30, 2013, a New York federal judge has ruled that digital products may not be re-sold on the web under the same doctrine. Specifically, the Court ruled that ReDigi, a web based platform allowing Internet users to upload and re-sell songs they had bought from online retailers like Apple’s iTunes, had infringed the copyright of a record label, Capitol Records. The decision is expected to impact the secondary market for sale of all digital products, not only music, but also e-books. Amazon, among others, has filed for a patent for such a marketplace. However, the decision will impact anyone in the market for digital products, whether buyer or seller.
So, just when you thought Cyprus would fall below the radar for a while, today Cyprus Finance Minister Michael Sarris resigns. Sarris’ resignation comes just days after the European financial community bucked up Cypriot banks with a 10 Billion Euro bailout. Some in the Cypriot political community believe that the deal should have come sooner and it remains to be seen whether Sarris has become the fall guy for the bailout taking as long as it did. Cyprus did get some concessions on an extension from three to five years to meet the fiscal conditions of the bailout, as well as the preservation of healthcare for 170,000 Cypriots. Cypriot government spokesman Christos Stylianides noted that the agreement “should have taken place a lot sooner, under more favourable political and financial circumstances.” But he noted that the situation in Cyprus is now “normalizing,” paving the way for the economy to get back on solid footing.