Exam 30: International Business Transactions

Notwithstanding that an action at law between contracting parties in different countries is brought in one country,the court of that country may decline jurisdiction on the basis of forum non conveniens.

Canada's largest trading partner is the United States.The United States exports more to Canada than to any other trading partner EXCEPT

International business transactions require,by definition,parties in

The GATT and the WTO aim to reduce customs duties.

In a countertrade,the seller agrees to accept payment in the form of goods procured or produced by the buyer.

Explain the advantages of commercial arbitration over litigation.

Foreign direct investment to a Canadian investor

Generally speaking,at least four documents are required for an export sale.Explain the most common documents.

A,based in Canada,has a contract with B,in Denmark,for the sale by A to B of certain goods.The contract specifies that A bears responsibility for shipping the goods and for insuring them.In this case,A and B have entered into

Why is it sometimes important to determine the country of origin of a good imported into Canada?

What are "Incoterms"?

Define and explain the term counter-trade.

A portfolio investment is essentially a passive investment,normally in the form of government or corporate bonds or listed securities.

Explain the risk that a Canadian plaintiff takes in suing a foreign defendant in Canadian courts.

Agricultural products fall within the scope of NAFTA.

A foreign plaintiff with no assets in Canada will likely be ordered to pay security for costs in an action at law commenced in Canada.Explain.

In Canada,a foreign corporation must be licensed or registered to acquire standing to bring a lawsuit in Canada.

When would a government typically impose measures to deal with dumping or export subsidization? What measures might this government take?

A large multinational Canadian manufacturing company has just bought a majority of shares in a similar company located in Spain.This is an example of

In the exporting of services,one area of considerable risk is the transfer of technology and the sale or use of intellectual property.Explain,and give examples of how this is true.