Changing the Game: Corporate Relocation Around the World
by Adv. Tsvi Kan-Tor and Adv. Amit Acco
ave you ever wondered how
you can create 50 million jobs
globally with just one swift
movement of your pen?
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 proposed Global Corporate
Relocation Treaty (GCRT) provides
a global solution for the problems
that impede the corporate relocation
process throughout the world. The
proposed treaty introduces a worldwide 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 (IBA), for further
development by a dedicated subcommittee chaired by Graeme
Kirk. The IBA has called upon the
Organization for Economic Co-
"The proposed Global Corporate
Relocation Treaty provides a global
solution for the problems that
impede the corporate relocation
process throughout the world."
operation and Development for
consideration of the GCRT based
on a signed Memorandum of
Understanding 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
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 nonconsensus 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. At present, 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.
Current 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 regarding this venture
are important and valued by the subcommittee. If you would like to become
involved in the GCRT, or for further
information, please contact Graeme
Kirk, or Tsvi Kan-Tor.
Research Assistant Ilana Pickett
contributed to this article.