In a year defined by shifting rules and rapid innovation, businesses face complex questions—especially around trade and AI. With new legislation unfolding and competitive pressure mounting, IR Global members provide clarity and direction in uncertain times.
July 2025
YOUR GUIDE to navigating a complex and ever-changing global business environment from professional service firms across the globe
17 IR Global members share their insights on
TRADE “The new
tariff regime has already changed the international trade world dramatically.”
key topics facing the industry today
Adrienne Braumiller Braumiller Law Group p8
EXPERT VIEWS
Kathy Roe advises on unpredictable AI regulation
Katherine Evans explains the commercial potential of sustainability
AI & ACCOUNTABILITY Shilpen Savani on GDPR, the Equality Act, and other UK legislation that affects AI
INTEGRITY IMPACT QUALITY
FROM THE EDITOR Trade wars, real wars, and the AI arms race
IR Global is a multi-disciplinary professional services network that provides legal, accountancy and financial advice to both companies and individuals around the world. Our membership consists of the highest quality boutique and mid-sized firms who service the mid-market. Firms which are focused on partner led, personal service and have extensive cross border experience. Represented in 165+ jurisdictions, covering over 70 unique practice areas, we are perfectly placed to offer the highest quality bespoke advice that meets the needs of the most complex client requirements. Since 2010, our community has grown to 1,400+ members worldwide based on the principles of friendship, trust and a shared belief in going beyond the traditional role of the adviser. Today we exist as the ‘go to’ network for forward thinking clients looking for creative, pragmatic and cost effective solutions.
Charles Scherer
info@irglobal.com
Highest quality bespoke advice, meeting the needs of the most complex client requirements
To be in business in 2025 is to be uncertain. Mentioning instability is a bit trite at this point, but global and national politics becomes more chaotic between every edition of The Visionaries. At the time of writing, Israel and Iran are in military conflict, and the US has targeted Iranian nuclear facilities with precision bombing attacks. Meanwhile, the Russia-Ukraine war continues, even if relegated from the top of the news cycle in favour of fresher conflicts. From conventional wars, on to trade wars. Tariffs have been the major trading theme in 2025, as powers like the UK, the EU, and China either negotiate, mitigate, or retaliate in response to the US’s import duties. In many jurisdictions, businesses are dealing with the immediate impact of tariffs, wondering what effect they will have long term, and often hoping that the taxes on their industry or territory will fall as a result of pressure or diplomacy. All the while, business, politics, and the law all have an eye on the two letters that occupy so much of our collective attention: AI.
“Business, politics, and the law all have an eye on the two letters that occupy so much of our collective attention: AI.”
The EU has passed its AI Act, whose provisions started rolling out in 2025 and are set to continue until 2030, when all requirements in the act will apply. Businesses will have assessed the act’s impact on their European operations, but in jurisdictions where there is no AI-specific legislation, companies are asking themselves and their advisers how their AI ambitions are likely to interact with existing laws like intellectual property, consumer protection, human rights, data protection etc. At this frontier, with vast uncharted territory in front of us, businesses will feel (correctly) that there are more questions
Thomas Wheeler Founder of IR Global
“The group’s founding philosophy was based on cultivating a giving mentality and creating a system which is ethical, sustainable and always puts clients’ interests first.”
than answers. There is broad consensus that AI’s impact will be hard to overstate, and society is predicting something like a new industrial revolution. That said, it’s plausible that many predictions have got carried away with the excitement; it is extremely difficult to build a strategy if it isn’t clear where projection ends and conjecture begins. Just as AI’s full potential is not always clear, neither are the pitfalls. First-mover advantage could be enough in some sectors to secure an unassailable market lead, but organisations are also extremely cautious that the trailblazer could be the one to make the fatal mistake that costs fines, reputation, and investment. In short, businesses are wondering whether they will be the early bird that gets the worm, or the second mouse that gets the cheese. In the following chapters, IR Global members offer focus and reassurance in a world of turmoil, and in a world full of questions they provide some important guidance towards the answers.
For further information, please contact:
IR Global is a multi-disciplinary professional services network that provides legal, accountancy and financial advice to companies and individuals around the world.
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In this issue:
AI AND ACCOUNTABILITY
p26 ENGLAND
THE NEW TRADE ORDER
Shilpen Savani, gunnercooke llp
p30 US - NEVADA
US - TEXAS Adrienne Braumiller
Ismail Amin, TALG
p32 ENGLAND
Rana Chatterjee, Colman Coyle
p08 US - TEXAS
Adrienne Braumiller, Braumiller Law Group
Braumiller Law Group p8
p34 AUSTRALIA
James Conomos, JCL Law Partners
p12 US - CALIFORNIA
Robert Blanchard & Rachel Forster, Blanchard, Krasner & French
p36 US - CONNECTICUT, OKLAHOMA, MASSACHUSETTS, TEXAS
Thomas H. Curran, Thomas H. Curran Associates, LLC
p14 MAURITIUS, SEYCHELLES
Vimal Damry, Premier Financial Services Limited
p38 ENGLAND
Lewis Mullholland, WP Thompson
p16 US - CALIFORNIA, BELGIUM, LUXEMBOURG
p40 MEXICO
ENGLAND Shilpen Savani gunnercooke llp p26
Nevin Sanli, ASA, Sanli Pastore & Hill
Martha Villalobos & Hector Noriega, Wong Fleming
p18 ITALY
Tina Gullì, Studio Gullì
p20 US - COLORADO
Steven Weigler, EmergeCounsel
EXPERT VIEW ENGLAND Katherine Evans Mirkwood Evans Vincent p42
US - ILLINOIS Kathy Roe Health Law Consultancy EXPERT VIEW
Trade: Navigating tensions, sanctions, and realignments p06-21
AI and accountability: Risk, responsibility, and regulation p24-41
p22
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FEATURING...
p08 US – TEXAS
Adrienne Braumiller Braumiller Law Group
p12 US – CALIFORNIA
Robert Blanchard & Rachel Forster Blanchard, Krasner & French
p14 MAURITIUS, SEYCHELLES Vimal Damry Premier Financial Services Limited
p16 US – CALIFORNIA, BELGIUM, LUXEMBOURG
Nevin Sanli, ASA Sanli Pastore & Hill
The new trade order
p18 ITALY
Tina Gullì Studio Gullì
p20 US – COLORADO Steven Weigler EmergeCounsel
Global trade is undergoing a fundamental shift, shaped by geopolitical tensions, sanctions, and supply chain realignments. This chapter explores how businesses are adapting to trade volatility, with expert insights on building resilience and capturing cross- border opportunities. In California, Nevin Sanli emphasises proactive scenario planning and risk modelling to help companies withstand the impact of sanctions and trade conflicts. He highlights the
value of flexible corporate structures, stress- tested supply chains, and forensic analysis in navigating disputes and maintaining compliance across jurisdictions. Vimal Damry in Mauritius traces the historical roots of trade wars and underscores the urgency of diversification. He advocates for regional operations, multi-sourcing strategies, and the integration of contractual safeguards. His guidance reflects a growing need for legal and operational agility as businesses face
frequent regulatory shifts and logistical disruption. From Italy, Tina Gullì promotes a resilience- by-design approach, where digital tools, ESG alignment, and nearshoring work together to reduce exposure and maintain continuity. She notes that strategic partnerships, market-specific risk assessments, and real-time monitoring are now essential components of modern trade strategies. The insights in this chapter reflect a new trade order defined by adaptability, compliance, and smart global positioning.
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Trade wars
“Only months into President
Trump’s second administration and the new tariff regime has already changed the international trade world dramatically.”
and sanctions
Adrienne Braumiller Partner, Braumiller Law Group
local distribution centers are effective tactics for enhancing profitability. In the modern trade context, technological advancements play a crucial role in transforming the partnership between customs and the private sector. Embracing these innovations may help uncover vulnerabilities from tariff changes and lead to significant monetary and operational gains. To ensure compliance and maximise the benefits of complex trade regulations, some strategies may require additional support from professional
services. These more complex strategies include verifying tariff classification, implementing tariff engineering, implementing valuation changes such as a “first sale” program and utilising special customs programs. Tariff classification is critically important in international trade, as the tariff code determines the applicable duties and regulatory requirements. Misclassification may result in overpayments, penalties, legal headaches, or all the above. First, companies should confirm the tariff classification of their products.
Adrienne Braumiller, Braumiller Law Group
Q1 How are you advising businesses in your
Networking opportunities at an IR Global conference
jurisdiction when protecting themselves from the impact of trade wars and sanctions, and what strategies can professional services firms offer to mitigate these risks? Only months into President Trump’s second administration and the new tariff regime has already changed the international trade world dramatically. These tariffs have and will continue to significantly impact businesses’ profitability and operational efficiency. Fortunately, businesses can implement proactive strategies and seek guidance from experts to minimise the impact. Optimising logistics and distribution is essential to streamline operations and ensure compliance in this constantly evolving landscape. Businesses may benefit from shortening lead times and automating workflows, routing shipments through optimised ports, and prioritising documentation. Moreover, consolidating shipments to reduce transportation costs and leveraging
Adrienne Braumiller, founder of Braumiller Law Group PLLC, is a pioneering force in international trade law with over 30 years of experience. As a leading authority in customs, import, export, foreign-trade zones, and ITAR compliance, she has mastered every aspect of trade compliance and regulatory matters. Her expertise spans diverse industries from agricultural products to electronics. She earned her L.L.M. in International Business Transactions from McGeorge School of Law and J.D. from St. Mary’s University, with additional studies at the University of Salzburg and Oxford University. Adrienne has received numerous prestigious recognitions, including Chambers and Partners rankings and the Sarah T. Hughes Women Lawyers of Achievement Award. She has served on key federal advisory committees and is a frequent speaker at major industry events. Her firm is consistently recognised as a leader in international trade law, serving clients worldwide.
+1 214 348 9306 adrienne@braumillerlaw.com irglobal.com/advisor/adrienne-braumiller
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ABOUT US...
international business to survive. As expected, diversification has emerged as the dominant trend, as companies seek to reduce dependency on a single market, thereby minimisng the impact of abrupt tariff changes. To reduce vulnerabilities within global supply chains, companies are looking to align with countries that are both geopolitical allies as well as culturally and economically compatible. This approach allows businesses to leverage political alignment and preferential agreement rates to lower costs and enhance robustness. Additionally, companies are more focused on strengthening domestic production to reduce reliance on global supply chains that can be easily disrupted by changes in international policy. By shifting to domestic production, businesses are hoping to enhance supply chain resilience, tighten quality controls, and eliminate ethical and environmental concerns. As a result, moving operations home may result in significant cost savings in the long run. These proactive approaches require careful evaluation of the rules of origin and how they affect global supply chains. It is critical to understand that simply changing the source of materials may not be enough. Products must undergo “As expected, diversification has emerged as the dominant trend, as companies seek to reduce dependency on a single market”
KEY TAKEAWAYS In response to President Trump’s new tariff regime, businesses are increasingly turning to professional services firms for strategies that mitigate financial and operational impacts. Measures such as tariff engineering, accurate classification, the use of Foreign-Trade Zones (FTZs), bonded warehouses, and “first sale” customs valuation strategies can yield significant cost savings while maintaining compliance. To counteract geopolitical risk, companies are diversifying supply chains by relocating manufacturing to
politically aligned and economically stable jurisdictions. Domestic production is also gaining favor for its supply chain resilience, tighter quality control, and reduced exposure to international shocks. Amid rising volatility, businesses are employing legal tools such as tariff clauses, Incoterm adjustments, force majeure provisions, and strategic litigation. Active engagement during regulatory comment periods and modeling tariff scenarios further allows firms to balance risk while seizing opportunity.
Braumiller Law Group, PLLC, is a highly respected law firm focused on international trade compliance and proven strategies to optimise global trade business practices. The attorneys and trade advisors of Braumiller Law Group know exactly how to navigate the intricate maze of global trade regulations, and they have a successful track record for helping clients save millions of dollars in compliance penalties. These clients also leverage the expertise and experience of the Braumiller Law Group team to ensure that their global trade operations are legally structured to maximise efficiency and profitability. For clients around the world, a partnership with Braumiller Law Group extends beyond compliance support to generate measurable business value.
If questions arise, E-Rulings by U.S. Customs and Border Protection (CBP) are typically processed within 30 days of submission and serve as legal authority for classification. It is also essential for companies to verify the sourcing of all inputs of their products to potentially qualify for a Free Trade Agreement (FTA). FTAs offer preferential rates to companies engaged in trade between contracting countries. This process requires calculating the regional value content, as a minimum percentage of the product’s value must be sourced within the FTA region to benefit from the agreement. At the time of this response, the primary FTA that offers the greatest tariff relief is the United States Mexico Canada (USMCA) Agreement. To navigate trade and ensure smooth international operations, businesses should also consider special customs programs such as First Sale for Export, Foreign-Trade Zones (FTZs), and bonded warehouses. First Sale for Export is a valuable mitigation strategy for importers with multi-tiered transactions. Utilising FTZs and bonded warehouses can help companies defer duties and mitigate the worst effects of the current high tariffs. FTZs are designated areas within the U.S. that are considered outside of the country’s Customs territory. Duties on the imported goods can be deferred until they are moved out of the FTZ for
domestic consumption. The deferral not only provides significant cost savings but also offers greater flexibility in managing inventory. Similarly, bonded warehouses allow the goods to be stored but not entered into commerce, so duties are deferred until actual entry of the goods. With both regimes, if the goods previously imported and placed in the FTZ or bonded warehouse are subsequently exported, duties and tariffs are avoided. Q2 Are you seeing shifts in supply chain strategies due to geopolitical conflicts? How can you help clients
braumillerlaw.com
Q3 With global markets in flux, how can businesses balance risk and opportunity in cross-border trade, and what strategic guidance can you provide? The unpredictability of tariffs makes long-term planning and regulatory compliance difficult for businesses. More so than ever, companies will have to decide when to take risks and act on opportunities. One way to balance risk and opportunity in international trade is to leverage legal avenues. Businesses should consider adding tariff clauses and reviewing International Commercial Terms (Incoterms) to shift tariff costs
and risks. Moreover, force majeure clauses can provide relief when tariff changes make contractual obligations impossible to fulfill. To effectively hedge against currency and freight volatility, businesses should lock in future exchange rates, align revenues and expenses in the same currency, and negotiate long-term agreements to provide certainty and predictability in costs. Moreover, modelling different tariff scenarios on budgeting will enable leaders to make more informed decisions, ensuring their company maintains its competitive edge. As agencies take actions to implement President Trump’s Executive Orders, it will be important for industries to take advantage of comment periods to provide input in the decision-making process.
Experts in a field may be able to present helpful data or an alternative way a regulation could be designed to benefit their business. A company may pursue an adversarial approach by appealing decisions, challenging agency actions as unconstitutional under the Major Questions Doctrine, using monetary damages under the new tariff regime as standing to raise issues in U.S. district courts, and seeking injunctions because of irreparable harm for compliance with agency actions beyond the scope of legal authority. These legal methods can serve businesses by managing risks and maximising opportunities. In this evolving trade climate, companies that adopt proactive tactics and demonstrate an openness to novel approaches will more likely succeed in the long run.
restructure supply chains to maintain resilience and regulatory compliance?
The tariffs represent a long-term shift in global trade, not a passing movement. Consequently, supply
a substantial transformation in the new country to qualify as originating from there. This means the product must be fundamentally altered in terms of its
chain resilience and regulatory
compliance are essential for an
name, character, or use.
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KEY TAKEAWAYS With the return of President Trump and the reintroduction of aggressive tariff policies (dubbed ‘Liberation Day’) investors are facing renewed market volatility. While equities remain sensitive to policy shifts, commercial real estate (CRE) continues to attract institutional and private capital as a more stable, income-generating alternative, particularly in sectors like multifamily housing, healthcare, and life sciences. Tariff-induced cost pressures are reshaping the outlook for CRE. Industrial and logistics assets may benefit long-term from supply chain reshoring, though face near-term margin pressures. Meanwhile, retail and hospitality sectors are more vulnerable to reduced consumer spending and global travel slowdowns.
How will trade wars
properties, offers more predictable cash flows and serves as a hedge against inflationary pressures. In an environment where traditional investment vehicles are underperforming or too risky, CRE stands out for its long-term value and resilience. While the full impact of ‘Liberation Day’ tariffs on CRE is still unraveling, investors can prioritise investment in CRE sectors that will be less affected by tariff fluctuations. The industrial and logistics sector, for instance, may see shifts in demand as domestic manufacturing adjusts to new cost structures. Construction costs for commercial projects may increase by 3-5% as a result of 25% tariffs on steel and aluminum, potentially delaying development projects in the short-term. Industrial tenants engaged in manufacturing or distribution may also face margin pressure due to rising material costs, especially if they rely heavily on imported materials now subject to steep tariffs. This added pressure could result in temporary downsizing, consolidation, or reduced leasing activity in certain logistics hubs. However, in the long-term, some investors expect the industrial sector to benefit from supply chain reshoring and increased domestic production. Beyond industrial warehousing, sectors like multifamily housing, healthcare and life sciences generally tend to remain resilient during economic downturn. These sectors have historically been driven primarily by long-term needs of tenants, providing more insulation from the direct impacts of international
trade policy. However, in addition to tariffs, the Trump administration has made drastic budget cuts to the National Institute of Health (NIH), the National Science Foundation (NSF), and other grant programs which had been funding growth in the life sciences sector. Several life science companies have already announced significant layoffs as a result of lost funding. On the other hand, sectors like retail and hospitality may be more acutely affected by a slowdown in economic activity and global trade due to their strong dependence on consumer spending and international travel. These sector-specific impacts are already shaping landlord and tenant priorities in leasing. Landlords may benefit from securing long-term, stable tenants to mitigate risks associated with current market volatility and potential delays in new developments caused by higher building expenses. Meanwhile, tenants will likely prioritise flexibility in lease terms and seek spaces that offer operational adaptability and lower overall occupancy costs. Overlaying these economic and leasing shifts are potential regulatory changes influencing CRE dynamics, including the anticipated rollback of ESG (Environmental, Social, and Governance) regulations. Similar to Trump’s recent anti-DEI efforts, we could see a divisive move away from federal ESG focus, particularly related to energy efficiency and climate resilience, altering investor and tenant behavior. Some developers and investors may welcome reduced regulatory burdens, contributing to the attractiveness of CRE investment amid a fluctuating market. The potential dismantling of ESG initiatives may dampen investor appetite for eco-friendly projects, such as wind farms and solar. Nevertheless, institutional and international investors continue to focus investment on ESG- aligned assets, indicating sustainable CRE remains a key component in diversified, forward-looking portfolios. Despite ongoing volatility in equity markets and increased opposition to U.S. fiscal and trade policy, CRE will continue to be a widely sought investment vehicle due to its relatively stable legal framework and attractive yields compared to other global markets.
impact real estate?
Robert Blanchard & Rachel Forster Co-Founder & Attorney, Blanchard, Krasner & French Q1
Proposed rollbacks of ESG policies may influence investor behaviour and asset
Robert Blanchard and Rachel Forster have more than forty-seven years of combined experience representing real estate investment groups, individual real estate investors (U.S. and Non-U.S.), commercial lenders, developers, landlords and tenants. Recent transactions include purchases, sales, exchanges and financings for hotels, shopping centers, office condominiums, industrial, retail, NNN single tenant and warehouse/logistics properties. Leasing representations include a multi-floor corporate headquarters for a public pharmaceutical company, U.S. retail store locations for a European clothing line and ground leases for hotel and industrial properties under development. Bob and Rachel, together with the other real estate team members, work closely together to provide clients the immediate attention and expertise necessary for today’s real estate professionals to navigate the complexities of investment in U.S. real estate.
valuation. While some developers welcome reduced compliance burdens, global investors continue to prioritise sustainability, keeping demand strong for ESG-aligned real estate assets.
Real estate is the ultimate safe haven when market stability fractures, but will recessionary pressures erode the tenant base?
“Institutional and private investors are gradually turning to CRE as a more stable asset class compared to stocks as they liquidate assets from an erratic market.”
Since President Trump’s return to office, the United States has
experienced heightened trade tensions and increased market instability. In a controversial effort to revitalise domestic manufacturing, on April 2 the Trump administration introduced sweeping tariffs on imports during what the administration dubbed ‘Liberation Day.’ The new tariff policy imposed a blanket 10% tariff on all imported goods, with reciprocal tariffs to remedy professed trade imbalances. The announcement shocked the global market, prompting a sharp and swift decline in the U.S. stock market in anticipation of significant trade wars and retaliatory tariffs. Just weeks after unveiling the self- proclaimed ‘Liberation Day’ regulations, Trump agreed to a 90-day pause on implementing the new tariff policies. While the stock market saw a temporary rebound following the announcement, the broader economic impact of these erratic policy shifts continues to unfold. Investors fear sustained market volatility, higher inflation, and slower economic growth amid the global panic. Despite the pause, the average effective U.S. tariff rate remains over 20% – the highest effective rate since 1910. Amid this turbulence, can investors
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+1 858 551 2440 bblanchard@bkflaw.com irglobal.com/advisor/robert-blanchard
+1 858 551 2440 rforster@bkflaw.com irglobal.com/advisor/rachel-e-forster
For the past 33 years, Blanchard, Krasner & French has successfully provided legal counsel for the business and personal needs of our clients. We help businesses and individuals navigate through complex business, real estate, and financing transactions. We assist clients in taking advantage of tax and asset protection laws to effectively plan for the future. We also zealously enforce and protect their rights through litigation when necessary. We are unique in our dedication to offering
turn to commercial real estate (CRE) as a safe haven despite concern that tariffs will erode the tenant base? While investor confidence remains shaken, we expect CRE to be poised for significant change and renewed investor interest. Historically, CRE has served as a refuge for both U.S. and foreign investors during times of economic uncertainty,
and the unfolding global situation is no exception. Institutional and private investors are gradually turning to CRE as a more stable asset class compared to stocks as they liquidate assets from an erratic market. Stocks remain highly sensitive to market sentiment and policy shifts, while investment in real estate, particularly in income-generating
high quality legal support while maintaining accessibility, assistance and attention. Our team does not work for BKF, they work for the clients we serve.
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KEY TAKEAWAYS
From tariffs
Geopolitical readiness is essential: Trade wars and sanctions present ongoing challenges. Businesses must diversify supply sources and markets, set up operations near target regions, and continually monitor geopolitical developments. Compliance with trade laws is critical to avoid costly penalties. Resilient supply chains are key: Companies must rethink supply chain models by adopting multi-sourcing, nearshoring, and buffer stock strategies. Technology plays a vital role in improving transparency and predicting disruptions. ESG integration also supports resilience and regulatory alignment. Strategic market entry matters: Entering foreign markets requires careful research into local laws, taxation, and business customs. Contracts must address risks like asset confiscation or regulatory changes. Joint ventures with local partners can ease entry and ensure compliance, helping businesses capitalise on international opportunities effectively.
political and currency stability, taxation, local culture, and business norms. Often, companies are lured into markets due to low costs or exclusivity of products, but overlook crucial factors that require expert advice. Issues like hidden taxes or export restrictions are common in markets like Africa. VAT and tax compliance is complex and, if neglected, can result in major financial losses. Some goods may violate ESG standards due to exploitation or environmental concerns. Contracts should address dispute resolution, ESG compliance, governing law, and asset protection, including risks of nationalisation or currency fluctuations. Proper due diligence and local partnerships can mitigate these risks. In many cases, joint ventures with experienced local partners offer smoother market entry and open new opportunities. Many businesses have thrived by capitalising on global opportunities – whether trading cocoa from Ghana, minerals from South Africa, oil from Nigeria, textiles from Vietnam, or coffee from Kenya. But these gains are sustainable only when businesses proactively manage the risks involved. “Businesses should avoid relying on a single supplier or country.”
Businesses sourcing from Africa should consider establishing local operations to benefit from regional treaties and trade blocs. Similarly, being present in the EU may be essential for others. • Regular Updates. Staying updated is crucial. Businesses involved in international trade need experts to monitor tariffs and sanctions, which change frequently. This supports not only anticipation and planning but also ensures compliance with international trade laws. Trading with sanctioned entities can lead to fines and penalties. • Technical Approach. Businesses should adopt a more technical approach. Contracts should include clauses that account for future tariffs or sanctions, locking in prices and Q2 Are you seeing shifts in supply chain strategies due to geopolitical conflicts? How can you help clients restructure supply chains to maintain resilience and regulatory compliance? Supply chain strategies are shifting rapidly. Apple has diversified production to India and Vietnam. Toyota and other manufacturers have moved production closer to their end markets. Footwear and breweries have relocated operations to avoid Brexit-related disruptions. Companies increasingly favour local sourcing to reduce risks. India has become a notable alternative. Supply chains need restructuring for resilience and compliance. Over-reliance limiting liabilities. Investing in technology can provide insights into market changes and support better planning. on a single source or region is risky. Multi-sourcing, local production, or nearby alternatives should be considered. While initial supply chains may have been cheaper, geopolitical tensions may outweigh those benefits. Companies should maintain inventory buffers to manage disruption times.
to tactics
Future-Proofing Cross-Border Commerce
Vimal Damry Managing Director, Premier Financial Services Limited Q1 How are you advising
Q3 With global markets in flux, how can businesses balance risk and opportunity in cross-border trade, and what strategic guidance can you provide? Beyond trade wars and sanctions, entering new markets presents its own challenges. A strategic approach is essential for success. Businesses must understand the target country’s regulatory environment, legal system,
aluminium, and other general goods were more affected. These measures, although some have been delayed, create significant uncertainty for businesses. Sanctions are another challenge. Several countries face trade sanctions for reasons including national security concerns, human rights violations, and geopolitical conflicts. Amongst the usual targets are countries like Iran, North Korea, Syria, Cuba, and more recently Russia due to its military actions in Ukraine. Sanctions lists constantly evolve, with more countries and entities frequently added. Businesses face a volatile environment, and without preparation, they may be forced to shut down. What once worked may quickly become obsolete. Strategies for resilience and continuity are essential, including: • Diversification. Diversifying the sourcing of products or materials is key. Businesses should avoid relying on a single supplier or country. Many regional blocs offer competitive advantages. This decision should be proactive, not reactive. Apple’s move to set up factories in India due to China- related trade issues is an example. Proximity to markets is vital.
businesses in your jurisdiction when
protecting themselves from the impact of trade wars and sanctions, and what strategies can professional services firms offer to mitigate these risks? Historically, trade wars have always existed. You can trace them back to the 1930s. In 1930, there was what was known as the Smoot-Hawley Tariff, where the U.S. raised tariffs on thousands of imported goods. This led to retaliatory tariffs from other countries and the Great Depression. That was followed by the Anglo-Irish trade war, leading to a tariff standoff between both countries. These are old examples of how trade wars have occurred. More recently, the U.S.–China trade war since 2018 was initiated by the U.S. imposing tariffs on Chinese imports to correct trade imbalances. After his election, Trump introduced the concept of reciprocal tariffs, brandishing a board showing U.S. levies on goods from various countries, including the EU and China. Certain products like steel,
Vimal Damry is the Managing Director/CEO/Founder of Premier Financial Services Limited (since September 2007) which is a FSC licensed Management Company based in Mauritius and is also a director of UHY Premier Financial Services Limited which is an FSA Seychelles licensed Corporate Service Provider and Trustee (since June 2014). He has been in the global business and financial industry for more than 25 years. His extensive expertise in the field has earned him recognition and respect among his peers and clients alike. Vimal Damry’s commitment to excellence is evident in his meticulous approach to managing complex financial structures and his ability to navigate the intricate landscape of international regulations. His leadership at Premier Group has been instrumental in positioning these firms as leaders in the financial services industry. Beyond his professional achievements, Vimal is known for his dedication to continuous learning and staying abreast of the latest developments in the financial world.
ABOUT US...
premierfinservices.com
Premier Financial Services Limited operates mainly through three licensed companies based in Mauritius via a Trust and Management Licence from the Financial Services Commission, in Seychelles via an International Corporate Service Provider (ICSP) and International Trustee Services Providers (ITSP) by the Financial Services Authority and in the Dubai, United Arab Emirates via a Corporate Service Provider (CSP) Licence by
the Dubai Multi Commodities Centre (DMCC) and as an Approved Registered Agent of Ras Al Khaimah International Corporate Centre (RAK ICC). It is supported by its Representative office in South Africa.
+230 245 6703 vimal@premierfinservices.com irglobal.com/advisor/vimal-damry
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KEY TAKEAWAYS
Trading
Professional advisors help businesses stay ahead of trade wars and sanctions by identifying vulnerabilities, stress-testing scenarios, and conducting thorough due diligence. Rather than reacting to disruption, companies are guided to build forward- looking strategies — such as restructuring corporate entities or shifting assets — to ensure operational resilience against geopolitical or regulatory shocks. The focus has shifted from lowest-cost sourcing to resilient, sustainable supply chains. Trends like nearshoring and ‘friend-shoring’ are increasingly adopted to reduce reliance on volatile regions. Advisors support clients in mapping supply chains, evaluating alternatives, and ensuring compliance with trade laws, export controls, and ESG commitments, especially in tightly regulated sectors. With the right intelligence, uncertainty can become opportunity. Using scenario modelling, valuation services, and tax-efficient structuring, advisers help clients assess market entries and exits strategically. Strong compliance and ethical standards also safeguard reputation and build trust across borders.
For companies in highly regulated industries, the margin for error is razor thin and noncompliance can result in dire consequences. The bottom line is this: we help clients build supply chains that are lean but not brittle. They have to be efficient, but also flexible and sustainable in the face of unexpected change. That’s the balancing act, and that’s where we come in. Supply chains are in constant tension, but with careful planning and analysis, we can protect clients by structuring in a little bit of additional slack. Q3 With global markets in flux, how can businesses balance risk and opportunity in cross-border trade, and what strategic guidance can you provide? It’s a tricky landscape, no doubt. But uncertainty doesn’t mean you have to stand still. In fact, for businesses willing to do the work, volatility can create just as many opportunities as risks. We help clients navigate this balance through smart, data-driven analysis.
Our team delivers valuation services, solvency opinions, forensic accounting, and economic modelling to help clients assess the pros and cons about moving into, or out of, any given market. We start by looking at the structure of cross-border ventures. Are the legal and financial frameworks strong? Is there a tax-efficient structure in place? Are you set up to manage downside risks while still capturing upside potential? These aren’t just questions for the legal team; we work hand in hand with attorneys and other advisors to connect all the dots. We also use scenario modelling to test different strategies. Should a client enter a new region now, or wait? Is the regulatory environment likely to shift? If it shifts, will it be for better or worse? Could pending trade agreements create a window of opportunity? We help clients make better decisions with their eyes open, not based on guesswork or simply the status quo. Finally, don’t forget about reputation. Managing cross-border risk isn’t just about financial exposure – how a company handles compliance, ethics, and local partnerships also impacts brand and stakeholder trust. When you’ve got solid intel and a good strategy, even markets in flux become navigable for success.
carefully
Q1 How are you advising businesses in your jurisdiction when protecting themselves from the impact of trade wars and sanctions, and what strategies can professional services firms offer to mitigate these risks? The key is staying ahead of the curve. We don’t just help clients respond to trade conflicts and sanctions, we help them anticipate and prepare. That starts with understanding where their vulnerabilities lie and how to address them. Maybe they have a supplier in a volatile country, or a key revenue stream tied to a region under threat of sanctions. We dive deep into their operations to uncover those soft spots. After this, we run scenarios. What if this market shuts down? What if new regulations take effect tomorrow? How would that hit their bottom line or supply chain? It’s like stress testing a business for political or economic shocks. That way, when something does change, they’re not scrambling – they’ve already got a plan. A plan that is based on rigorous analysis of those risks and directly addresses vulnerabilities. We also focus heavily on due diligence, especially when international partners are involved. If there’s a risk of sanctions or a reputational fallout, Nevin Sanli, ASA President and Founder, Sanli Pastore & Hill
Q2 Are you seeing shifts in supply chain strategies due to geopolitical conflicts? How can you help clients restructure supply chains to maintain resilience and regulatory compliance? Definitely. We’ve seen a major shift in how companies approach their supply chains. It’s no longer about simply chasing the lowest production cost.
we make sure our clients are protected. When disputes do arise, we bring in solid numbers; providing valuation, damages analysis, or expert witness testimony that stands up under intense legal scrutiny, even in foreign jurisdictions. In some cases, restructuring can be the smart move. That might mean shifting assets, adjusting the corporate structure, or setting up intermediary entities to cushion the impact of geopolitical or regulatory shocks. Our goal is to help clients build resilient, flexible business structures that can weather storms and seize opportunities.
The new priority is resilience, especially in global industries like tech, pharma, or manufacturing, where disruptions can be devastating. In recent years, more companies have begun exploring nearshoring and even ‘friend-shoring’, meaning relocating production to politically aligned or stable countries. This helps reduce exposure to unstable regions or contentious trade relationships between parties who might operate outside of the client’s best interest. We start by mapping out a client’s current supply chain in detail. We look at cost, logistics, tax exposure, areas of regulatory risk, geopolitical risk, and whatever else may be a contributing factor. Then we weigh that against possible alternatives. What’s the cost of relocating production or sourcing materials elsewhere? What incentives or trade agreements are in play? We put all the pieces together so our clients can make informed, strategic decisions based on real data and avoid gut calls. But it’s not just about logistics or cost savings. Regulatory compliance is huge. We work closely with clients to ensure their supply chain decisions keep them compliant with trade laws, export controls, and ESG commitments.
Nevin Sanli is the President and Co-Founder of Sanli Pastore & Hill, Inc. He has nearly four decades of experience in financial consulting, particularly in areas such as business valuation, solvency analysis, litigation support, and M&A advisory. Nevin holds a BA with Honors in Economics from the University of California, Irvine, and is an Accredited Senior Appraiser (ASA) in Business Valuation. Over the years, he’s developed deep expertise in economics, finance, real estate, and the intricacies of legal disputes involving complex financial matters.
ABOUT US...
sphvalue.com
Sanli Pastore & Hill, Inc. (SP&H) is a leader in delivering financial opinions and advisory services across the globe. Our specialties include fairness and solvency opinions, expert witness testimony, forensic accounting, and valuation of businesses and intellectual property. We also support clients with transaction advisory and litigation support in high stakes matters. With offices in Los Angeles, Sacramento, Chicago, San Diego, Brussels, Paris, and Lagos, our footprint is international. We’ve been operating for more than 33 years and have provided over 4,000 financial opinions across 1,200+ legal proceedings – from shareholder disputes and M&A deals to IP and commercial litigation. Our client base is diverse, ranging from start-ups and mid-market firms to Fortune 500
Fluent in English, French, Turkish, and conversational Spanish, Nevin is an active member of the international business and legal community. He has served on the boards of several organisations, including the Provisors M&A Group, the Atlantic Legal Foundation, the Barrington Group, the Dubnoff Center, the MED Group, and the Los Angeles Venture Association (LAVA). In recognition of his contributions to the field, Nevin was recently named a 2025 Banking & Finance Visionary by LA Times Studios. He’s known not just for his technical knowledge, but for building lasting client relationships and mentoring professionals throughout the industry.
companies and government agencies. Every year, we work on more than 200 assignments across industries including technology, life sciences, defence, media, and more. What sets us apart? A rigorous approach to analytics, a reputation for objectivity, and a deep understanding of cross-border business dynamics. As part of the IR Global network, we’re committed to collaboration and delivering actionable insights across jurisdictions. Whether it’s navigating a complex transaction or testifying in court, SP&H is the trusted partner for financial clarity.
+1 310 571 3400 nsanli@sphvalue.com irglobal.com/advisor/nevin-sanli-asa
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KEY TAKEAWAYS Firms are assisting businesses with geopolitical risk by combining legal compliance, real-time monitoring technologies, and tax-efficient corporate structures to navigate sanctions and trade conflicts. Risk mapping, diversification, and supply chain adaptation are core components. Geopolitical instability has led many clients to shift towards nearshoring and friendshoring, reduce single-country dependencies, and adopt real-time AI and
Resilient
blockchain tools to enhance transparency. Multi-sourcing, circular economy practices, and increased stockpiling are becoming standard. Strategic internationalisation is no longer optional. Businesses are advised to pursue data-driven market analysis, dynamic risk management with financial hedging tools, and local partnerships. Entry models must be tailored per jurisdiction, with ongoing flexibility to adjust for rapid change.
alternative transport routes to ensure operational continuity. • Implementation of agile organisational models and integrated planning: fostering collaboration across departments and end-to-end supply chain integration for better adaptability. • Integration of circular economy and sustainability practices: such as the use of refurbished equipment or recycled materials, which reduces dependence on critical resources and helps meet ESG obligations. These combined actions help our clients build supply chains that are not only more resilient and flexible, but also compliant with relevant regulations and prepared to withstand global shocks. Alternative production hubs in Southeast Asia, Mexico, and Eastern Europe are being actively considered, despite continued challenges in Ukraine. Regionalisation, nearshoring, and friendshoring strategies are enabling companies to reduce delivery times and geopolitical risk. At the same time, we are seeing a shift towards greater inventory levels and buffer stocks for critical inputs and finished goods – improving resilience, albeit at a higher cost. Investment in supply chain visibility tools is also increasing, with AI, IoT, and blockchain playing a central role in mapping complex, multi-tier supply chains and identifying hidden vulnerabilities. Critical components are increasingly subject to dual or multi-sourcing strategies to ensure security of supply. Q3 With global markets in flux, how can businesses balance risk and opportunity in cross-border trade, and what strategic guidance can you provide? Our clients engaged in cross-border trade must navigate a volatile global environment by adopting a well- structured internationalisation strategy tailored to each target market. To balance
by design
Tina Gullì Partner, Studio Gullì
Q1 How are you advising businesses in your jurisdiction when protecting themselves from the impact of trade wars and sanctions, and what strategies can professional services firms offer to mitigate these risks? We support the companies to which we provide professional services through: • Legal and compliance advice: to interpret complex and constantly evolving regulations, assisting in the development of robust legal and commercial risk management plans. • Educational opportunities: for real-time monitoring of sanctions, regulatory changes, and supply chain disruptions. • Asset and tax protection strategies: to optimise tax residency, utilise appropriate corporate structures, and implement asset protection tools in a compliant and strategic manner. • Support with supply chain restructuring and operational management: aimed at ensuring business continuity and resilience amid geopolitical uncertainty. In short, a combination of risk mapping, diversification, rigorous compliance, and tailored professional advice enables companies to mitigate effectively the risks arising from trade wars and sanctions. Our firm collaborates with legal and commercial experts to help clients
risks and opportunities, we recommend: • Comprehensive market analysis and planning: assessing demand, competition, and regulatory frameworks in each jurisdiction to identify both risks and opportunities. • Risk diversification: expanding the client base across multiple countries reduces dependency on any single market and mitigates exposure to local economic or political shocks. • Dynamic risk management: utilising financial instruments such as currency hedging and trade credit insurance to manage volatility as part of the broader international strategy. • Strategic partnerships: collaborating with established local or international firms to ease market entry, reduce contextual risk, and support cultural and regulatory alignment. • Global marketing strategies with local adaptation: ensuring brand consistency while tailoring messaging and offerings to local preferences and norms. • Careful choice of entry method: evaluating options such as direct or indirect exporting, franchising, licensing arrangements, joint ventures, or wholly owned subsidiaries, based on cost, control, and risk. • Development of detailed operational plans: defining objectives, resource needs, and governance structures, including the role of an Export Manager to liaise with foreign partners. • Ongoing monitoring and flexibility: maintaining active oversight of market conditions and being prepared to adapt strategies in response to economic, geopolitical, or regulatory shifts.
In summary, our principal recommendation is that clients adopt an integrated approach – combining rigorous market research, structured risk management, tailored local partnerships, and strategic flexibility. This enables businesses to seize global opportunities while remaining resilient in the face of uncertainty.
stay abreast of global developments, including sanctions, tariffs, and retaliatory measures. We place particular emphasis on analysing the impact of trade policies on supply chains, markets, and production costs – considering first-tier suppliers and end customers. Diversification is key: we advise clients to explore new markets and trade agreements, particularly within
exposure to trade barriers. We also recommend strengthening supply chain resilience through transparency, maintaining buffer stocks, and adopting crisis response mechanisms to enhance business continuity and flexibility. Q2 Are you seeing shifts in supply chain strategies due to geopolitical conflicts? How can you help clients restructure supply chains to maintain resilience and regulatory compliance? Yes. To assist clients in restructuring their supply chains amid geopolitical tensions, our firm takes the following practical steps: • Supplier diversification and multi- sourcing: to reduce dependency on individual countries or suppliers. We encourage nearshoring and friendshoring approaches, bringing production closer to end markets and reducing geopolitical exposure. • Adoption of advanced digital technologies: such as AI, IoT, and blockchain – for real-time supply chain monitoring, disruption forecasting, and enhanced traceability. These tools support more proactive and data-driven decision-making. • Development of contingency and risk mitigation plans: including
the EU, to reduce reliance on any single market or region. Strategies include supply chain mapping, identifying critical components, and diversifying product
ABOUT US... studio-gulli.com
portfolios to respond to market demands and reduce
Studio Gulli has been in the field of tax consulting for years, offering numerous services to clients. In addition to tax consulting, we also offer business consulting, corporate consulting, tax and accounting consulting both online and offline. To ensure constant service validity, our professionals always keep up to date with the latest legislation and news in tax and economic matters. In addition, thanks to an extensive network of collaborations with external professionals, we are able to fully support our clients’ activities, including personnel administration, payroll processing, litigation, business negotiations, contracting, and relations with insurance and social security institutions. We operate internationally with several successful cases behind us and help young professionals and entrepreneurs realise their dreams. We foster the promotion and development of Italian entrepreneurship abroad, offer new opportunities to established companies and start-ups, support, legally assist, and act as spokesperson for the instances of business companies wishing to face new challenges: it is all possible, indeed, it is a reality.
Tina Gullì is the owner of Studio Gulli Accounting Firm. Born in Caracas, Venezuela, Tina speaks Spanish, English and Italian. She serves as Mayor / Auditor for important Italian companies. She is also the Italian Representative of the Italian Chamber of Commerce in the United Arab Emirates. Since 2012, Tina has started collaborations with Italian Chambers of Commerce located abroad in order to acquire skills and knowledge of the foreign market and assist clients interested in investments in new markets and countries. She has also gained experience in tax litigation, business evaluation and the drafting of estimation assessments in the context of extraordinary finance operations. She deals with tax and corporate consulting, extraordinary transactions and international taxation.
+39 339 542 5818 tina.gulli@studiogulli.eu irglobal.com/advisor/tina-gulli
scenario planning, strategic stockpiling, and establishing
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