Any business that operates in more than one legal jurisdiction, for example in two States of Australia, or in Australia and Hong Kong, will discover that the laws that operate in the two places have differences, and that, in some cases, these differences will affect how the business operates. What happens when one set of laws imposes a higher compliance burden than the other one?
There are at least two different ways to approach this problem: one way is to aim to satisfy the highest standard, meaning that the lower one will automatically be covered. The other way is to follow a tailored approach, and do different things in the two different places. The more places you do business in, the more complex the task of knowing all of the differences between the legal regimes, and complying with them, becomes.
Please visit LinkedIn.com to read our Pulse article on this subject – “Aim High: Complying With Multiple Legal Standards.”
If you need any legal advice on this subject. you are welcome to contact us.
[Photo credit: Victoria Peak by CuttyP courtesy of Wikimedia Commons used here under a Creative Commons CC BY-SA 3.0 Unported licence. This blog post was written by James Irving, Perth commercial lawyer, and is not intended as legal advice for any particular person.]