US Embassy says due diligence recommended in selecting partners

The United States Embassy here says it continues to encourage  partnerships between businesses in both countries and recommends due diligence in the selection process.

The embassy offered these invited comments in the context of a recent Sunday Stabroek report on US company, RemoteMD LLC, filing for bankruptcy in the US after incurring debts of over $100 million to local companies. One local company, Eureka Laboratories, is preparing to take legal action to recover millions owed by RemoteMD LLC. When Stabroek News reached out to the Embassy for comment, the Embassy responded, saying it has a policy of not commenting on specific enquiries, but that “we do work hard to ensure companies on both sides have productive engagements and comply with all laws while also paying all outstanding debts.”