The new normal requires new approaches and solutions, an imperative change that must be embraced by all sections of the economy, to survive and to stay relevant.
The outbreak of the pandemic saw the country grappling to keep up with the day-to-day activities, both on a personal and corporate level. One of the key challenges observed was in the areas of transacting for goods and services in what can be called an increasingly contactless world.
Jayantha Fernando
Although the relevant authorities have pushed for Sri Lanka to move towards a cashless economy, it was during the initial outbreak of COVID-19 that people actively looked to use the digital payment infrastructure that is in place.
Investor-State Dispute Settlement Claims Hold Steady During Pandemic: Reform Is Still in Progress and Is Still Desired
Companies take large risks when investing abroad, and countries have an important self-interest in attracting foreign investment. The Investor-State Dispute Settlement (ISDS) mechanism allows foreign investors to sue their host countries when government actions harm their investments. ISDS claims are up slightly in 2020, with over 60 claims filed as of December 15, already matching 2019’s total. Many have argued that the ISDS should be abandoned altogether, but it should not be. The mechanism can and should play an important role in providing confidence for foreign direct investment (FDI). While the current status of ISDS is not perfect, efforts to reform it should continue.
Date: December 16, 2020
The United Nations Commission on International Trade Law (UNCITRAL) long ago created a protocol for cooperation between courts of countries where multinational businesses were conducting simultaneous reorganizations. Join us for an insightful discussion hosted alongside the Brazil-Texas Chamber of Commerce (BRATECC) to learn about Brazil s new law, adopting the UNCITRAL Protocol.
Foley Foreign Legal Consultant Pedro Fragoso will be moderating the panel which also includes Foley Partners John Melko and Brittany Nelson.
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