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Navigating the legal landscape can be significant challenges for foreign-owned companies operating in new markets. Minimizing these risks, it is crucial to conduct thorough legal due diligence and establish robust compliance programs. This entails understanding local laws and regulations, obtaining necessary licenses and permits, and establishing clear internal policies. Furthermore, engaging with experienced legal counsel specialized in the territory of operation is strongly advisable.
- Firms should also evaluate their arrangements to ensure compliance with local law and establish mechanisms for resolving legal disputes.
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