Procurement teams are asked to approve suppliers and advisers in countries they know little about. The questions are always the same, and most can be answered before the first call.
- Who ultimately owns the supplier, and does the country keep a beneficial ownership register?
- Do sanctions or anti-bribery rules apply to the country, the sector or the counterparty?
- Does the activity need a licence, and does the supplier hold it?
- Will customs duties, import licences or rules of origin apply to the goods?
- Which law and which courts or arbitration will govern a dispute, and are foreign judgments and awards enforced there?
For professional advisers, a WONE Global Partner's profile shows their admissions, representative matters and firm, and the WONE Global Standard publishes the service levels they work to.
