Legal Business Council

The Legal Business Council (LBC) within the International Trade Council serves as the nexus for legal expertise, guidance, and consultation in the multifaceted world of international trade, excluding IP protection and dispute resolution. Recognizing the intricate legal intricacies that underpin global commerce, the LBC dedicates itself to facilitating an understanding of international trade laws, ensuring that businesses operate within the bounds of legal frameworks while maximizing opportunities and minimizing risks.

Areas of Focus:

• Contracts: The backbone of any business relationship, the LBC emphasizes the significance of well-drafted contracts, addressing aspects like terms of trade, delivery, payment conditions, and more, tailored to specific international jurisdictions and their nuances.
• Enforcement: The council addresses the challenges surrounding the enforcement of international contracts, helping businesses understand their rights, the enforceability of agreements, and strategies to ensure compliance by all parties involved.
• Collections: With the complexities of international transactions, the LBC provides expertise on the collections process across borders, offering strategies to mitigate risks, and ensuring businesses can retrieve owed amounts effectively.
• Regulatory Compliance: Beyond contracts, businesses must navigate a sea of regulations when trading internationally. The council offers insights into customs laws, import/export regulations, sanctions, and other regulatory landscapes critical to international trade.
• Jurisdictional Challenges: Operating across borders means dealing with multiple legal systems. The LBC educates businesses about the differences and overlaps, ensuring that they understand where and how their trade activities are regulated.
• Trade Agreements: As countries form alliances and pacts, the LBC keeps businesses informed about the implications of international trade agreements, bilateral and multilateral treaties, and their potential impact on commerce.
• Taxation and Duties: The council sheds light on the often complex tax implications of international trade, including VAT, customs duties, and other levies that can influence the profitability of trade activities.
• Risk Management: The LBC advocates for comprehensive risk assessment and management in international trade, covering aspects from political instabilities to currency fluctuations and providing strategies to safeguard against them.
• Ethical and Sustainable Trade: Beyond legal compliance, the council promotes understanding of the ethical and sustainable standards in international trade, ensuring businesses operate responsibly and garner trust in the global marketplace.
• Networking and Collaboration: Offering a platform for legal professionals, business leaders, and stakeholders, the LBC fosters a collaborative environment where insights, expertise, and best practices are shared.