Exam 46: International Business Lawpart X: Property

Any business that engages in transactions involving the movement of goods, information, money, people, or services across national borders is referred to as a:

Title VII of the Civil Rights Act of 1964, the Americans with Disabilities Act, and the Age Discrimination in Employment Act apply to U.S.citizens employed abroad by U.S.employers or by foreign companies controlled by U.S.employers.

The Schengen Area is a zone in Europe without internal borders within which citizens, many non-EU nationals, business people, and tourists can freely circulate without being subjected to border checks.It now encompasses twenty-two EU countries and four associated non-EU countries.

An expropriation, or nationalization, occurs when a government seizes foreign-owned property or assets for a public purpose and pays the owner just compensation for what is taken.

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

Assume a foreign nation has seized all of the property of an American corporation.The 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:

The legal issues inherent in domestic commercial contracts also arise in international contracts.

The General Agreement on Tariffs and Trade (GATT):

Fines imposed on individuals for violating the Foreign Corrupt Practices Act may be paid, either directly or indirectly, by the domestic concern on whose behalf they acted.

In international business transactions, a documentary letter of credit:

Which of the following is correct with respect to the act of state doctrine?

An "anti-dumping" statute:

Define and discuss the doctrine of "sovereign immunity." Discuss how the Foreign Sovereign Immunities Act of 1976 has codified this area of law.Give examples of how the Act works.

A goal of the EU is to promote progress by establishing an economic and monetary union.

Businesses which wish to safeguard their technology while doing business in the international sector would not want to consider the use of wholly owned subsidiaries.

Under the Foreign Sovereign Immunities Act a foreign sovereign is:

Under the act of state doctrine, the United States reserves some areas of jurisdiction over the internal actions of sovereign states.

There is an International Organization of Securities Commissions made up of approximately 100 national securities agencies and exchanges which regulates about half of the world's securities markets.

Assume that Denmark, a member of the European Community, is contemplating the enactment of a protective tariff for its fledgling electronics industry due to domestic political and economic pressures.Assume further that the EC has a tariff that it has also enacted for all electronics manufacturers within the EC that is considerably lower than the one that is being proposed in Denmark.The policy behind the lower EC tariff is to promote freer trade even at the risk of destroying some of the weaker manufacturers in that organization.In this situation:

The Sherman Act: