Question

In: Economics

in the background of Covid 19 epidemic please give some legal suggestions to companies when doing...

in the background of Covid 19 epidemic please give some legal suggestions to companies when doing international business

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Expert Solution

Answer:
In the background of COVID-19 epidemic, any company doing international business should follow below mentioned suggestions:

  • Foreign Corrupt Practices Act (FCPA) : Due to pandemic and disruption in supply chain, company should be on high alert regarding potential illegal activities, and unethical means that may be followed by brokers, freight forwards etc. And all these should not be entertained.
  • Remote Work Arrangement : As companies have moved mostly to remote working culture and work from home habit, so company should consider potential export demands and deemed export issue in the light of above changes.
  • Local laws imposed by various countries should still be followed including data privacy act, plus any guidelines given for the employees in that particular country to save themselves from COVID-19 should also be followed.
  • Local company policies still applies and to modify any of the policy in the light of COVID-19 will require employee, union and work council consultation and consents.
  • Government have issued various orders, directives, guidance and mandates in response to the spread of coronavirus, employers nmeeds to be updated of all those guidelines and should follow them as well.

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