Translation For Lawyers

Due in part to a recent increase in globalization, there has been a boom in mergers and acquisitions occurring on the international scale and across borders. In fact, according to the Securities Data Company, over $672 billion in cross-border deals are announced annually - meaning international mergers and acquisitions represent one in four of all M&A activity.

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Earlier we've blogged about corporate translation services in the context of international arbitration. Although the purpose of arbitration is to allow for the amicable resolution of business disagreements, sometimes a party will be left unsatisfied with the choice of arbitrator. Both the arbitration done under the Rules of Arbitration of the International Chamber of Commerce (ICC) or via internal (ad hoc) rules allow for a challenge. When raising a challenge, specific requirements must be met:

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Professional translation services play an important role in arbitration. Nearly every industrialized nation has an International Arbitration Act on their books. Although every nation's Act is unique, all are similar in purpose - to facilitate the mediation and arbitration of international commercial disputes. Further, all states who have International Arbitration Acts agree to specific formalities as part of the International Arbitration Convention.

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Foreign language document translation and language interpreting play an important role in the investigation and defense of money laundering cases. Money laundering occurs when an individual or organization attempts to disguise the origin of proceeds which stem from a preceding criminal act. In other words, it is the act of transferring the proceeds made from a criminal act in order to conceal their criminal origin. In the setting of international commercial arbitration, the following elements of the offense of money laundering need to be established:

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The key to successfully mediating any cross-cultural dispute is to understand both the similarities and differences that exist between the represented cultures. To do this, one has to understand the ethnic and national makeup of the specific cultural group, their cultural prerogatives, and body language.

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A rather recent trend in transnational business dispute resolution is the use of mediation as a method for reaching amicable solutions. However, a successful business mediation that involves representatives of different cultures, who speak different languages, creates unique challenges for all the parties involved. All too often language barriers, cultural differences and the parties' lack of understanding of each other's respective cultures, lead to a breakdown in the negotiation process.

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As our society becomes increasingly multicultural, the potential for cross-cultural disputes becomes more likely. Unlike same-culture disputes, cross-cultural disputes are difficult to mediate due to the unique challenge of having to understand the needs of someone from a different culture.

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