The Future of Global Business

HOUSTON — Following Stephen Munger‘s keynote address this morning at Doing Business Globally in Houston, Baker & McKenzie Houston office Managing Partner Jonathan Newton led a discussion with business leaders on the risks and opportunities for multinationals.

Key takeaways:

  • For oil and gas businesses, buyers and sellers are just now starting to get on the same page. Though the transaction volume has been down recently, the prediction is that it will pick up.
  • While technology has allowed businesses to work more remotely than before, “nothing beats the old-fashioned one-on-one.”
  • When expanding a business internationally, the top issues to consider are the jurisdiction’s legal functionality, corruption risks, ability to freely move labor, and the economic stability of the area.
  • A successful partnership between business and legal teams can be reached when each side knows the business and has the attitude of “I’m here to support the business.”