Earlier we've blogged about the role of professional translation services in the global economy. As China continues to develop as a dominant international business player, it is essential for the international lawyer to understand China's antitrust review process, and the role of English-Chinese and Chinese-English legal translations in this process.
Part of finalizing a foreign investment in the United States involves satisfying the procedures set up by the Committee on Foreign Investment in the United States (CFIUS). Financial document translation, accounting document translation, and legal document translation of foreign language documents constitutes an important step in this process. The purpose of the CFIUS is to ensure that foreign investments do not have any national security implications.
Continue reading "Legal Translations, Financial Translations, and Foreign Investments in the U.S." »
Earlier we've blogged about document translation in the context of foreign regulatory evidence in products liability cases and about the role of professional translating and interpreting services in enforcing U.S. judgments in Europe. As the business world becomes more and more global, there are increasing instances of conflict of law questions. Essentially, a conflict of law arises whenever a business transaction spans two different countries.
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 Rule 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:
With the growing economic and political strength of the European Union, more and more transatlantic business is being conducted. This leads to an increase of transatlantic business contracts. Such contracts need to be translated into the language or languages of the European country, with which the U.S. company is conducting business. And, the more international business transactions there are, the more blurred the law that governs the enforcement of contracts becomes.
Continue reading "Legal Document Translation, and Enforcing U.S. Judgments in Europe" »
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:
According to 37 C.F.R. 1.637 (2003) Rule 647, when a party relies on a piece of documentary evidence written in a foreign language, they must have the document translated into English and file an affidavit attesting to the accuracy of the translation.
So what happens when both parties submit separate affidavits by two different document translators attesting to having submitted an accurate translation?
As the Foreign Corrupt Practices Act (FCPA) is aimed primarily at international transactions, the issue of accurate foreign language translation becomes essential to avoiding legal trouble. According to the FCPA, it is a crime to, among other things, to bribe a foreign official.
Continue reading "Foreign Language Translation in Context of the Foreign Corrupt Practices Act" »
As more and more countries are opening up to Western trade, there is an influx of securities and related litigation matters, often requiring professional translation services. A prime example is China. As more and more of its products come to foreign shores, it is beginning to feel the pressure put on by a foreign legal system. In other words, when a Chinese product or company has connections to the U.S., it can quickly become snared in the U.S. legal system - which is an entirely different dragon to what China is used to.
Like many professional specialties - including the law, computer science and medicine - the field of accounting has many terms that are particular to the accounting profession. Although people within the finance and accounting field understand these trade terms, these terms often do not translate easily outside the profession. This is particularly true when accounting documents need to be translated into a foreign language for transnational and cross-border accounting litigation.
July 9, 2008 English-Chinese and Chinese-English Legal Document Translations, and China's Antitrust Review Process Earlier we've blogged about the role of professional translation services in the global economy. As...
July 4, 2008 Legal Translations, Financial Translations, and Foreign Investments in the U.S. Part of finalizing a foreign investment in the United States involves satisfying the procedures set...
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