In-house teams eye risks and opportunities as cross-border expansion increases.
20 August 2024
CEO and Co-Founder, Zain Ali, added a comment to the article from the International Bar Association on how in-house legal teams are deadline with the risks of cross-border business expansion.
Zain discusses how immigration laws are often the biggest sticking point for companies expanding abroad. ‘If your employees don’t have the correct visas and work permits, it’s not just your operational efficiency on the line – it’s your reputation,’ he says.
Selecting the right company structure is another area where companies can really go wrong, he says. ‘This goes beyond compliance: it’s a question of strategy. Effective entity setup isn’t just a case of choosing from the legally available options but identifying the most appropriate one for your specific business model and objectives. Making the wrong choice can hamper your growth and limit your room to manoeuvre,’ he says.
Ali says in-house legal teams, whether in large or small companies, will generally require external support to handle the breadth and specificity of work involved in international business operations. ‘Even in large companies, legal teams tend to work as generalists. They’ll normally need to engage external experts for the specialised, knotty legal questions that arise in global work,’ he says.
Read the full article at International Bar Association
