| Whether you want to make business with foreign | | | | Moreover there are advance tools that offer a |
| individuals, or you think seriously to purchase | | | | coverage in case of purchaser's non-fulfilment |
| foreign companies you will have to confront | | | | during the purchase of a third foreign company |
| yourselves with the logics of corporate evaluation. | | | | The concept to keep clearly in mind is that with |
| Nowadays the definition of a true and correct | | | | the internationalisation the risk outline changes and |
| rating is the decisive, essential requirement to | | | | the frame of insurance tools on which to rely on |
| take entrepreneurial choices, even more in | | | | has accordingly to change as well. |
| international contexts. | | | | I'm going to close my analysis with an in-depth |
| In the present article I'm going on from financial | | | | examination of a couple of topics bound to the |
| aspects to insurance ones while digressing into | | | | international corporate law. |
| more specific topics of international law. I'm going | | | | Subsidiary office or foreign branch? The first one |
| to deal with these themes in a confident way and | | | | has the advantage of being more easily |
| perhaps I will be lacking in not choosing a univocal | | | | established at lower cost. The second one, with |
| content but in this way I think I will offer you | | | | its more complex structure, guarantees the |
| interesting hints if you have decided to cross the | | | | limitation of the risk capital to the branch's alone; |
| national borderlines. | | | | meanwhile in case of subsidiary office it is always |
| It is a matter of relying on professional people | | | | the head office to answer jointly and severally for |
| that can base their analysis on the most accurate | | | | any events. Besides notice that the structure of a |
| methodologies. The rating has to show clearly the | | | | branch allows the entry of local partners. |
| informative resources from which it takes its | | | | An other extremely interesting aspect of this |
| information, it has to allow transnational | | | | topic is represented by the join-venture: this is a |
| comparisons or through different principles of | | | | contract that disciplines the cooperation among |
| accounting. | | | | companies and its aim is the realisation of a |
| The risk can be reduced thanks to reliable | | | | specific economic project. |
| information but it can be held in a more traditional | | | | Though it can be established among Italian firms |
| way too and rationalized through insurance tools. | | | | too, it is normally used for international |
| Usually when we speak about internationalization | | | | cooperation. Just think about the importance of |
| and insurance processes we mean typical risks | | | | local partners' knowledge while penetrating into a |
| due to the country situation and credit. I want to | | | | new market as some topical operations have |
| focus your attention on some very common | | | | recently showed in the automotive fields. |
| tricks to which the insurance world has reacted | | | | The join-venture can be both contractual and |
| with Ad Hoc tools. | | | | corporative: in the first case and for temporary |
| Let's start with the Director and Officer insurance | | | | relationships, there is just a contractual bound, |
| that prevents managers and administrators from | | | | while in the second case there is a deeper |
| claims for compensation because of their | | | | cooperation represented by the establishment of |
| conducts. In some countries the risk due to these | | | | a dedicated company. |
| events is very high and providing an entrepreneur | | | | Apart from the aspects of the matter considered |
| with tools of this kind can be very useful in order | | | | above and since the complexity of economic |
| to recruit professional people with high profile that | | | | context, I think the best piece of advice is to rely |
| will be able to work in a safer, comfortable way. | | | | on competent professional people because this is |
| There are countries where conflicts caused by | | | | no longer the time to internationalise in an |
| mobbing, downgrading, discriminatory dismissal are | | | | off-hand, rough way. |
| highly probable and this is why it is very useful to | | | | Dario Ferrigato, Marketing consultant, Senior |
| rely on ad hoc insurance tools. | | | | consultant at ADVBOUCLE & PARTNERS |
| Unfortunately it has become very useful the so | | | | Marketing consultants |
| called Crime Insurance that assures the company | | | | You have full permission to reprint this article |
| even against account fraud and embezzlement. | | | | provided this box is kept unchanged. |