14 Nov 2011 | 11:16 am |
International law firm Pinsent Masons has launched its 2011 Manufacturing Report, revealing the most pressing legal concerns for the industry. When questioned on compliance, 75% of respondents stated that Bribery and Corruption was currently a priority, with Health and Safety a close second with 60%, representing the ongoing impact of significant developments in legislation in the past year.
Pinsent Masons Launches 2011 Manufacturing Report
Protecting Intellectual Property (IP) was also highlighted as an ongoing concern, with 59% of those questioned identifying a lack of protection for IP/infringement as a problem when looking at offshoring, the same result in the 2010 report, demonstrating that little has been done over the past year to build confidence in this area.
When looking at growth, 85% of the manufacturers surveyed highlighted the reduced corporation tax rate as key to future expansion and joint ventures remain the preferred method of new market entry with 36% of the vote, over acquisition of local operations with 22%.
The report also includes the issue of immigration caps, which were highlighted as having the potential for negative effects on recruitment for manufacturers, but which 74% of those questioned said had not had an impact on their business.
Looking at the global marketplace, the 2011 results still put China, India and Russia as the top three offshoring destinations for the next five years respectively but the balance between them has shifted slightly. China and India have dipped slightly in percentage, with Russia gaining the fallout.
There was a 10% rise in the average prison sentence length for tax evasion last year jumping to 2 years 7 months*, up from 2 years 5 months, says Pinsent Masons, the international law firm.
On World Mental Health day and, one year since the launch of the Mindful Business Charter (MBC), 17 more organisations are adopting the Charter's pledge to change avoidable working practices that can affect mental health and wellbeing.
International law firm Pinsent Masons has retained its ranking as one of the top 75 employers in the Social Mobility Employer Index 2019.
Board member recognised as most innovative lawyer in Europe
International law firm Pinsent Masons has further enhanced its international life sciences and technology sector capabilities with the appointment of Nicole Jadeja in its London office.
International law firm, Pinsent Masons, has advised Primary Capital Partners on its management buy-out of British engineering company Foster & Freeman.
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