DRRT Partner Delivers Keynote Address to Summit Delegates

DRRT Managing Partner, Michael Diaz Jr. enjoying a word with Wan Jifei, President of the Chinese Counsel for the Promotion of International Commerce (CCPIT) following Mr. Diaz keynote luncheon address to the delegates at the First Annual Chinese - Latin American Business Summit.  Mr. Diaz spoke to the delegates about the firm's experiences in Latin America representing multinational firms, including Chinese companies,  and how new business relationships can be forged in a manner which minizes the risk of litigation.

Chilean President Michelle Bachelet Welcomes Delegates to First China - Latin America Business Summit in Santiago de Chile

UAE, China discuss anti-money laundering cooperation

 

The delegation met in Beijing with the Deputy Governor of People's Bank of China, Su Ning, Chairman of the Banking Regulatory Commission and Vice- Chairman of Securities Regulatory Commission. Also, the delegation met with officials from the Chinese Financial Intelligence Unit, Ministry of Justice and Chairman of China UnionPay company, which owns the main ATMs network in China.

The UAE's Anti Money Laundering Committee recently concluded a tour of China where officials from both the countries agreed to cooperate to launch various anti-money laundering initiatives.

Florida Governor Appoints DRRT Partner as Chairman of the Floirda Elections Commission

DRRT is pleased to congratulate Partner, Jorge L. Cruz-Bustillo.    Florida Governor Charlie Christ just appointed Mr. Cruz-Bustillo to serve as the Chairman of the Florida Elections Commission.   The Florida Elections Commission is the regulatory body responsible for regulating and enforcing the State of Florida's campaign laws.

Jorge Cruz-Bustillo is a partner in the firm's litigation practice group, where he concentrates his practice in international and domestic commercial litigation and arbitration. He also serves as Chair of DRRT’s Telecommunications Practice. Mr. Cruz-Bustillo has broad experience in the substantive fields of telecommunications, banking/anti-money laundering, construction, real estate, land use and election law.

 

Latin American Populist Policies Threaten Private Investment and Will Lead to Protracted Litigation

With populist, anti-business regimes in Venezuela, Bolivia, and Nicaragua -- just to name a few -- latin america will increasing face greater challenges in attempting to attract private investment to the region.   "Who wants to invest in those countries if they won't respect the rule of law?"  says DRRT Managing Partner, Michael Diaz, Jr., in a recently published article in the Latin Business Chronicle.    As populist regimes in latin america seek to exploit the high price of the natural resources that are often abundant in the countries, experts predict that the result will be more litigation and less foreign investment.

To read the Latin Business Chronicle article, please see below.

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Latin America Still Only a Secondary Economic Partner for China

Enrique Dussel Peters, in an editorial for the TaiPei Times describes the challenges in trade between China and Latin America. Peters describes the relations between China and Latin America as "paradoxical."

As bilateral trade increases and diplomatic relations strengthen, a lack of knowledge persists between the two regions, and in some cases tensions are growing. Hardly any major projects between China and Latin America have been initiated by the private, public or academic sectors, and bilateral institutions do not yet reflect the weight of economic dynamics.

Latin America remains a secondary economic and commercial partner for China. China represents a massive challenge even for countries such as Brazil that have achieved a significant trade surplus. So dividing Latin American states into "winners" and "losers" makes no sense. Aside from importing basic goods, China exports manufactured goods throughout the region.

Latin American countries would thus benefit from an open, non-ideological and critical analysis of development experiences in the past few decades. They also need an effective rapprochement -- going beyond diplomacy -- that implies greater investment in bilateral institutions. Otherwise, relations between China and Latin America will be far from smooth, even as their significance grows.

To read the entire editorial, please follow the link to: http://www.taipeitimes.com/News/editorials/archives/2007/09/29/2003380938
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