Dezan Shira & Associates

BCI Chief: Foreign Law Firms Not Welcome in India

The Bar Council of India's (BCI) new chairman and solicitor-general of India, Gopal Subramaniam recently ruled out any possibility of allowing foreign law firms to practice in the country. Subramaniam said that the BCI will play an active role in impro... Read >

U.S. Sign $500 Million Deal to Boost Infrastructure in Vietnam

Vietnam and the United States inked a deal on Monday to U.S. financing worth US$500 million to help boost American exports for high-priority infrastructure projects in the Southeast Asian country. U.S. Ambassador Michael Michalak said that the deal wit... Read >

Compensation in China: Non Company-Related Deaths

With the news that a foreign enterprise in China has reached an out of court settlement of RMB10,000 for a candidate who died during a job interview, the specter of non-employment compensation for accidents or injuries again raises its head. In the cas... Read >

Vietnam’s Maritime Economy to Claim Over 50 Percent of GDP by 2020

Vietnam plans to place more emphasis its maritime economy over the next 10 years, which it hopes will account for more than 50 percent of its GDP. "With the support of foreign and local investors, our maritime economy could contribute 53 to 55 percent ... Read >

Exports Up, Deficit Down in Vietnam

Vietnam recorded this year's smallest trade deficit in May, beating government forecasts by 35 percent from US$1.16 billion to US$750 billion. Vietnam's trade gap, which still stands at US$5.38 billion, is closing thanks to two currency devaluations in... Read >

Indian President Calls for India and China to Develop Models of Economic Cooperation

Indian President Pratibha Patil concluded her visit to China today by calling for India and China to work together towards a long-term economic partnership. Speaking at the India-China Business Forum in Shanghai, what she called an "appropriate conclus... Read >

Made in USA: China and India Invest Abroad

Companies have been moving overseas for decades, looking to reduce costs and increase revenue by outsourcing production. And as China and India continue their rise to become global economic powers, the trend continues. But rather than American companies m... Read >

Microfinance: The Untapped Chinese Market

Microfinance in China has the potential to be one of the leading, innovative approaches to alleviating poverty and boosting rural and regional economic development. This report will take a closer look at how the current Chinese microfinance model came abo... Read >

U.N. Report: India and China Massively Improving Slums

China and India have improved the lives of more slum dwellers than any other country, the United Nations Human Settlements Program newly launched State of the World Cities 2010/2011 report said. UN-HABITAT's report, which was launched in Nairobi on Mon... Read >

India Against Moves to Link Trade with CSR Standards

India is trying to block moves to use an international standard on corporate social responsibility (CSR) as a basis for refusing exports from emerging nations. The implementation of such a rule will inevitably increase business costs for companies from... Read >

The Rise of Asian Universities

In an article in the May/June issue of Foreign Affairs, Richard C. Levin, the president of Yale University, discusses the rise of Asia's universities, arguing that Asia is now focused on building universities that can compete with the finest in the world.... Read >

India, China Clean Tech Comparison

India's thirst for natural resources is not comparable to China and its impressive 7 percent average economic growth is not as high as China's thundering 9 percent, yet the country faces a dire energy shortage that needs to be addressed with clean technol... Read >

China Gets Aggressive Over Transfer Pricing Documentation

The China tax bureau has become increasingly demanding over provisions of transfer pricing documentation from companies currently undergoing audit in China for the 2009 annual period. The tax bureau has on occasions been requesting and collecting relat... Read >

India’s New Simplified FDI Policy Highlights

The Indian government has simplified some foreign direct investment policies that affect investment coming into the country. These are largely to be welcomed. Here we highlight the items that are likely to affect the majority of foreign investors into ... Read >

Corporate Fraud an Emerging Issue in India

Ineffective control systems and diminishing ethical values are contributing to a growing prevalence of fraud in India, according to a recent survey by professional service firm KPMG. Titled "India Fraud Survey Report 2010," the examination into corpora... Read >