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With global trade comes a patchwork of insurance marketplaces and regulations, each with distinct rules and customs. Marsh has the global insight, disciplined process, and deep experience to help multinational organizations manage the risks of operating in multiple markets.
We bring international perspectives to help you understand wide-ranging issues, such as emerging risks, local-market nuances, and other elements that influence multinational and intra-regional insurance solutions. And our Insurance, Regulatory and Tax IRT Consulting Practice delivers relevant, timely insights on region-specific regulations and taxation issues, so clients can anticipate emergent issues and make informed business decisions.
Marsh can also show you the impact of cross-border insurance programs, and advise you on executing a multicoverage strategy that helps manage your risks on a global scale.
Keys to our success: We provide a single point of contact that helps administer global programs across your product lines, including international liability, property, financial and professional, and Marine. Our professionals are fluent in multiple languages. Many of our specialists have lived and worked outside their home countries, making them highly sensitive to local business environment, customs, norms, and conditions.
We deliver timely and accurate information on your global programs, and help uniformly implement your risk management philosophy.
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Established, trusted relationships throughout our multinational network. We provide a single point of contact that helps administer global programs across your product lines, including international liability, property, financial and professional, and Marine. Falling off the Edge. Edited by Rudiger Wolfrum. Regulatory and tax compliance has become critical for senior executives and risk managers of multinational companies. Since states compete with each other to attract investment from multinational corporations, the regulatory framework applicable to such corporations has a tendency to weaken rather than strengthen. Or, get it for Kobo Super Points!
Should I pay a subscription fee to always have free shipping? A typical multinational corporation comprises a parent company in one state with subsidiaries in one or more other states.
There is no uniform terminology, however. In traditional international law, multinational corporations have rights but no obligations. In practice, therefore, multinational corporations are subject only to the domestic laws of the different states in which they operate.
Since states compete with each other to attract investment from multinational corporations, the regulatory framework applicable to such corporations has a tendency to weaken rather than strengthen. A couple of books and articles provide general overviews of the position of multinational corporations in international law and the balancing of their rights and duties.
The most comprehensive among these works is Muchlinski , summarized in Muchlinski Interesting early contributions include Vagts — and Seidl-Hohenveldern Highly critical assessments of multinational corporations and their legal status include Bakan and Stiglitz The Pathological Pursuit of Profit and Power. Highly critical analysis arguing that the corporation functions like a psychopathic personality in its pursuit of profit and power.
By a law professor at the University of British Columbia. Multinational Enterprises and the Law.
Oxford University Press,