Among U.S. companies that do business in China, the proportion settling transactions in renminbi (RMB) has nearly doubled in the past year. The United States still lags behind some European nations, but the trend is clearly toward increased use of the Chinese currency. These are the key findings of an HSBC study released last week.
Cross-border revolving credit facilities, derivatives among the agreements that could be affected.
Canada and Mexico reject the U.S. hard line.
Under a proposed policy change approved Jan. 11 by the State Bar of Texas Executive Committee, the bar’s board would decide whether to uphold executive director decisions to withhold bar records requested by officers or directors of the organization.
Sponsored by OANDA
Follow these 4 steps to help protect profit and avoid currency related losses while doing business across borders.
As part of your digital membership, you can sign up for an unlimited number of a wide range of complimentary newsletters. Visit your My Account page to make your selections. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.
Copyright © 2018 ALM Media Properties, LLC. All Rights Reserved.