Authored by: Adv. Tsvi Kan-Tor & Adv. Amit Acco
Research Assistant: Ilana Pickett
Have you ever wondered how you can create 50 million jobs globally with just one swift movement of your pen?
The volume of the relocation of expert?s is estimated to reach 3.5 million globally by 2015. This phenomenon, known as global corporate relocation, has become a routine practice which enables all kinds of experts and essential professionals to be relocated from their countries of residence to another country for a limited period of time, in the course of their work. The draft proposal of the Global Corporate Relocation Treaty provides a global solution for the problems that impede the corporate relocation process throughout the world. The proposed treaty introduces a world-wide approach for the relocation of experts which facilitates the transfer of all kinds of knowledge and know-how in multi-national corporations, and throughout the business sector.
The draft proposal of the GCRT has been adopted by the International Bar Association Global Employment Institute (IBA GEI), for further development by a dedicated sub-committee chaired by Graeme Kirk. The IBA GEI has called upon the Organization for Economic Cooperation and Development for consideration of the GCRT based on a signed MoU for cooperation on migration and several other issues, and is now awaiting a reply.
The draft of the GCRT was initiated and is being led by Tsvi Kan-Tor with the objective of increasing compliance and business transparency through the following goals: to establish legal standing rights to any foreign business entity regarding experts? relocation, set global legal principles and guidelines through recommended best practices and ensure unification on consensus issues. The principals set forth in the GCRT encourage transparency, flexibility and stability in relocation practices which enable the signatory countries to know the procedures in advance while maintaining and protecting their core legitimate interests. The treaty will also provide a flexible platform to facilitate specific arrangements on non-consensus issues between any group of countries through the use of protocols and multi-lateral agreements.
In recent years, global corporate relocation has expanded at a rapid pace, reaching new and previously unseen levels of about 2.3 million experts per year. To date, each country in the world has its own laws and regulations over the issuance of work permits to foreign experts and managers. In the absence of a treaty regarding corporate relocation, any company that wishes to relocate experts may face difficulties and unknowns throughout the process.
The GCRT will not only minimize these risks and lay the foundation for the creation and realization of business opportunities; it will also foster the creation of 50M jobs worldwide. (Research indicates that 15 jobs are created in the country of destination by each expert transferred, and also aids in job creation in the country of origin and third countries.)
Any comments and insights regarding this venture are important and valued by the sub-committee. If you would like to become involved in the GCRT, or for further information, please contact Graeme Kirk, gdk@Gross.co.uk, or Tsvi Kan-Tor, firstname.lastname@example.org.