Exam 46: International Business Law

What is the basic purpose of the World Trade Organization (WTO)?

Expropriation of property by a foreign government for a public purpose with the payment of just compensation, but without the consent of the owner violates generally observed principles of international law.

Assume a foreign nation has seized all of the property of an American corporation. The foreign nation has assumed ownership of the property for a public purpose and has paid the American corporation what it believes to be fair compensation. Under these facts, the seizure of property is best described as:

How is "sovereign immunity" interpreted under U.S. law today?

In international business transactions, a documentary letter of credit:

The act of state doctrine:

A foreign company partially owned by the foreign government, manufactures televisions in the foreign country. The cost to the company for the manufacture of the product in the U.S. is the equivalent of $100. Because of excess production, the firm exports 5,000 sets to the United States where they are sold for $120 each. If the nearest rival U.S.-made set sells for $150, the action of the company:

The Foreign Sovereign Immunities Act specifically provides that a foreign state shall be immune from neither federal nor state court jurisdiction in certain circumstances. The circumstances include that the suit is based on:

The U.S. and the government of Mystic broke off diplomatic relations in a dispute over fishing rights. The U.S. blocked exports to Mystic. Mystic in turn seized and expropriated the assets of several U.S. companies located within the country. One of the companies, Continental Coffee, sued the U.S. government and the government of Mystic charging violation of the U.S. Constitution on the grounds of deprivation of property without due process of law. How will the company fare in its case against the U.S.? against Mystic? Explain your answer in detail, providing reasons for your decision.

Under the Foreign Sovereign Immunities Act, a foreign state is:

The United States has, in 1993, withdrawn from participation in the General Agreement on Tariffs and Trade (GATT).

Under the provisions of the Foreign Sovereign Immunities Act:

Export controls or restrictions usually result from:

The concept of sovereign immunity provides that a nation's judicial branch should not question the validity of the actions a foreign government takes within its own borders.

The Constitution authorizes the president to enter into treaties having the legal force of a federal statute without having to go through the legislative process or without having to receive advice or consent of the federal legislative branch of government.

The judicial branch for the United Nations is called the International Court of Justice.

Define and discuss the doctrine of "sovereign immunity." Discuss the Foreign Sovereign Immunities Act of 1976.

Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, and the Age Discrimination in Employment Act do not apply to U.S. citizens employed abroad by U.S. employers or by foreign companies controlled by U.S. employers.

The International Court of Justice consists of nine judges, only two of whom can be from the same sovereign state.

An increasing number of Americans enjoy French truffles and are willing to pay a premium price for the product. If the three leading French truffle firms meet in Paris and decide to raise prices in the American market by 15%, does this act violate the Sherman Act?