Expect 2014 to be a busy year, full of regulatory and enforcement developments in the European Union, China, South America, and elsewhere that will have a big effect on U.S. companies.

A new European Parliament will be elected in May with a new European Commission appointed in October. Politicians, regulators, and Eurocrats will be in a rush to see their pet projects finalized before they have to let go of power, including a new data privacy regime that is likely to change the way any company that does business in Europe collects and handles consumer information.

Meanwhile, China is beginning to ...