Article titled “International Compliance – German Small and Medium Enterprises in the USA” published in Germany’s Corporate Compliance Zeitschrift – CCZ
The article focuses and educates on U.S. laws and regulations a German Small and Medium Enterprise (SME) must comply with when operating a business in the USA. Besides that, the article explains German SME’s how to approach U.S. authorities and overcome cultural differences.
The United States of America is one of the most important economic markets for the middle class, and an appearance in the U.S. market is for any international company of substantial importance. Also, M&A deals in the United States are currently very interesting for German companies. This is a result of favorable tax laws in the United States and also a result of the current disruption in Europe caused by BREXIT.
Yet, it is important that German companies obey all relevant laws in the U.S. In this context, the question often arises as to whether and to what extent SME’s should follow and implement U.S. compliance guidelines. Another topic is the implementation of digital compliance. Generally, the consequences of government investigations against SMEs in the United States due to the lack of financial resources are more serious than for a large enterprise. Society and the judiciary expect that German companies that operate in the U.S. observe all U.S. laws. German companies cannot hope of any favorable treatment by the U.S. authorities due to a lack of knowledge. But all measures an SME decides to implement should be in relation to each company’s actual risks, its size, and its industry.
You can read the full article here: https://rsw.beck.de/zeitschriften/ccz