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The accounting definition of “variable interest entity” (VIE) means an entity in which an investor holds a controlling interest that is not based on owning the majority of voting rights.  To non-accountants, the VIE structure is a business structure that is widely used by Chinese...

Laws prohibiting "nonfunctional slack-fill" in food and other packaging have been on the books for years, but have gone largely unnoticed. Recently, however, plaintiffs' attorneys and district attorneys have brought the issue to prominence by initiating numerous lawsuits against manufacturers of various consumer products, including...

A leading test case for “smart contracts” has stumbled seriously by being hacked. While the underlying tools for making smart contracts are not at fault, the mishap provides a serious challenge to true believers’ view of smart contracts. These believers see in smart contracts a...

Thanks to the growing popularity of smartphones and communications technologies, it is not uncommon to conduct the bulk of your business over e-mail, including contract negotiation. While corresponding by e-mail can help close a deal more quickly, it can also lead to unintended consequences.   How is...

If your business relies on international suppliers, the import process is a necessary know-how. When engaging in an international transaction, one of the most common mistakes business make is deciding who pays for each part of the import process. While many businesses agree on who...

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