Exam 25: International Law in a Global Economy

AgriWorld, a U.S. firm, owns property in Kenya. The government of Kenya seizes the property. AgriWorld claims that this is confiscation. The government of Kenya claims that it is expropriation. The burden of proof lies with​

The chief aim of the World Trade Organization is to minimize trade barriers among its members.

Renew Energy Company, a U.S. firm, and Royal Petro, a Dutch firm, enter into a contract that includes an arbitration clause. This clause must provide that the arbitrator will be​

The act of state doctrine provides that the executive branch of one country will not examine the validity of public acts committed by a recognized foreign government within its own territory.

Dark Chocolate, Inc., a U.S. firm, enters into an agreement with Columbiana Cacao, S.A., a South American firm, to fix the price of imported chocolate in the U.S. market. If the agreement is a per se violation of U.S. antitrust laws, a U.S. court could exercise jurisdiction over​

The government of Japan sets a limit on the amount of rice that can be imported from the United States. This is​

​Munchies Bistro Corporation, a U.S. firm, signs a contract with Manger au Brasserie, S.A., a French firm, to give Manger the right to use Munchies's trademark in restaurants in France. This is

Mont Blanc S.A., a French firm, imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of Mont Blanc's goods in​

Under the Foreign Sovereign Immunities Act, a foreign state can be a political subdivision of a foreign state.

West Africa Investments, Inc., a U.S. firm, and Findora Commercial, a Nigerian firm, are parties to a contract that specifies that the official language of the contract is English. This is​

Michael, a citizen of Ireland, and Nina, a citizen of the United States, enter into a contract. When Nina breaches the contract, Michael obtains an award of damages in an Irish court. He asks a U.S. court to enforce the award. The U.S. court defers to and enforces the Irish court's decree. This is​

Restrictions on imports may not include quotas.

When a contract contains a forum selection clause, a lawsuit arising from a dispute under the contract will be heard by a court in the specified forum.

Without permission, a Russian firm names itself McDonald's and begins selling hamburgers and French fries in Russia. This is​

Premier Clothing, Inc., a U.S. firm, obtains a judgment in a U.S. court against Quang Tri, Ltd., a Vietnamese business. Whether the court's judgment will be enforced by a court in Vietnam depends on the Vietnamese court's application of​

A foreign state is immune from the jurisdiction of U.S. courts as long as the state is involved in commercial activity in the United States.

In the global environment of business, the law of a particular nation, such as Germany, Japan, or the United States, is classified as​

Congress can use a variety of devices to restrict or encourage exports.

International law is a body of law that governs relations among nations.

Some countries provide insurance for their citizens' investments abroad.