Exam 23: International and Space Law

Airbud Corporation, a U.S. firm, signs a contract with Bueno Computadores Ltd., an Argentinean firm, for a shipment and payment for Airbud's goods. This is

The management of Sport Shoes Corporation, a U.S. firm, wants to expand into foreign investment and employment markets. They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm. What are the advantages and disadvantages of each of these courses of action?

Global Project, a U.S. firm, owns property in Hong Kong. The government of China seizes the property. The firm claims that this is confiscation. The government claims that it is expropriation. The difference concerns

The Outer Space Treaty declares that internationally recognized political boundaries extend from Earth into the farthest reaches of space.

Mining Company, a U.S. firm, owns property in Bolivia. The government of Bolivia seizes the property for an illegal purpose without paying just compensation. This is

Under the Outer Space Treaty, with respect to a space object and the personnel aboard it, the launching state

International law is formed as result of international customs, treaties, agreements, and organizations.

Sufficient business develops in France for Graphic Comics Inc., a U.S. firm, to appoint Comics Graphique Ltd., a French firm, to act as Graphic's marketing representative in France where they will put together ad campaigns to help drum up more business for Graphic. This is

Comida de Chile S.A., an export company in Chile, and Deli Source Inc., an import firm in the United States, enter into a contract. When Deli breaches the contract, Comida obtains an award of damages in a Chilean court. Comida then asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Chilean court's decree. This is an application of

Global Industries Corporation owns assets in Kazakhstan, a country in Asia. The government of Kazakhstan wants to nationalize all assets owned by foreign firms and investors. What can Global Industries do? Can it at least obtain payment for the assets?

Blue Space Corporation launches exploratory space flights to the moon and Mars. The purpose is to discover and retrieve minerals and other resources. Under U.S. Law, Blue Space

When a foreign government acts as a "private party" in the market, its actions qualify as commercial activity for purposes of the Foreign Sovereign Immunities Act.

By means of an arbitration clause, the parties to an international business contract agree in advance to resolve any dispute without involving a third party.

Under the Export Trading Company Act, U.S. banks are

A foreign state is immune from the jurisdiction of a U.S. court when the state has engaged in commercial activity only outside the United States.

In the United States, each government agency that operates or authorizes spacecraft is responsible for complying with U.S. law and international treaties.

Star Flights Inc. launches exploratory and commercial space flights from its base in the United States. In the event of a collision with other space objects, under the Outer Space Treaty, liability for injury or damage

A business firm is subject only to the laws of its home nation even when it maintains operations or otherwise does business in other nations.

Wei Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at "less than fair value." This is

Nations impose laws to restrict or facilitate international business because business activities can affect national interests.