Exam 46: International Business Law

The choice-of-forum clause in an international business transaction will dictate what country's law the forum will apply should a legal dispute arise.

The Overseas Private Investment Corporation (OPIC):

Azurapi Corporation plans to start marketing products worldwide.What forms of multinational business enterprise are available? What factors should influence the decision on the form to use?

The European Community was the predecessor to the:

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.

The International Monetary Fund was established in 1945 to promote international monetary cooperation and now has approximately 50 member countries.

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:

Like domestic law, international law can be easily enforced, because international courts have compulsory jurisdiction.

Which of the following is true with regard to securities regulation?

In a foreign distributorship arrangement, the foreign distributorship in the importing country purchases the goods from the manufacturer in the exporting country.

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:

Which of the following is true about the European Union (EU)?

The General Agreement on Tariffs and Trade is now called the WTO.

Parties to an international sales contract may expressly exclude CISG governance from their contract.

The ICJ is:

A(n) is a clause apportioning the liability and responsibilities of the parties in the event of an unforeseeable and Unavoidable occurrence, such as a typhoon, tornado, or other disaster.

The act of state doctrine:

Under U.S.law, the CISG does supersede the UCC whenever the CISG applies.

Americana Printing wishes to sell its products in a foreign country.However, it also wishes to retain some input over its operation in that country for quality control reasons.Which of the following forms of business would be the best for Americana?

International courts have compulsory jurisdiction to resolve international disputes, and they have the authority to resolve an international dispute even if the parties to the dispute do not specifically accept the court's jurisdiction over the matter.