FAQs
Proelium Law LLP | The UK’s foremost legal authority on high-risk jurisdictions and specialist risk services
Proelium Law LLP is actually very reasonable for a law firm and this is for a number of reasons: you are buying niche expertise that does not exist elsewhere; we are small and lean and therefore do not have to charge huge overheads for office buildings and lots of staff; and as we speak the language you don’t waste time – and therefore money – with us.
Sadly the world is becoming increasingly litigious as it becomes more joined up but more noticeably, laws and regulations have increased exponentially. The penalty for getting it wrong now, through a poor contract or not being properly structured, can be severe. Taking legal advice is professional and provides you the best chance of success and protection.
Some important matters to be aware of when thinking of setting up a business abroad:
Falling foul of sanctioned organisations or individuals or restrictions imposed on the staff who work for you as a result of sanctions;
Understand how to approach the issue of due diligence in a foreign country;
Failing to have the correct insurance in place;
Contributing inadvertently to money-laundering or the financing of terrorism;
Your assets being seized due to your business being an unlawful corporate structure;
Understanding what is the best corporate structure to have in place;
Local employment requirements;
Deciding if you should set up a branch, representative office or a head office.
Extra-territorial reach of the UK Terrorism Act 2000 or the US Patriot Act;
Inadvertently funding terrorism;
Making sure you understand insurance policy requirements;
Conducting hostage release action unilaterally that compromises undeclared, official efforts.
You should be aware of:
‘Cowboy’ investigators in the market place;
Carrying out surveillance in countries where it is strictly forbidden;
Unregulated activities that are illegal;
Poor professionalism that could prove costly and ultimately make the situation far worse.
