Compliance challenges in emerging markets- Interesting read
Compliance challenges in emerging markets Newsletters May 23 2016 | Contributed by Arnold & Porter (UK) LLP Introduction Multinational companies have increasingly looked to emerging markets for new business opportunities and continued growth. In many instances, these markets present opportunities for companies to increase revenues and enhance their competitive positions. However, conducting business in many of these markets presents significant challenges that may include: inadequate infrastructure; political uncertainty; underdeveloped rule of law; currency fluctuation; and the need for short-term capital in the hope of realising long-term return on investment. Compounding these challenges is the reality that many emerging markets present serious corruption risks. Endemic corruption in many of these markets increases potential legal liability, creates an unlevel playing field, diverts resources and often perpetuates deeply entrenched economic inefficie