Exam 46: International Business Law

Peterson, an American exporter, sells lumber to a Japanese importer, using a documentary letter of credit. Typically in this situation, the correspondent bank will be in Japan.

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.

NAFTA establishes a free trade area between the United States and Mexico but not with Canada.

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

In Saudi Arabia v. Nelson , the court held:

Which of the following is an objective of the Treaty on European Union?

NAFTA's objectives include to:

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:

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

The United States and Germany may request an advisory opinion from the ICJ to settle a dispute over a trade issue.

The Foreign Corrupt Practices Act of 1977 (FCPA):

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.

An "anti-dumping" statute:

The basic purpose of __________ is to facilitate the flow of trade by establishing agreements concerning potential trade barriers such as import quotas, customs, export regulations, subsidies, and import fees.

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

A number of countries have joined together in Europe, Asia, Africa, and Latin America to coordinate their regional economies. Which of the following has NOT been an objective of such cooperation?

The World Bank established the MIGA to eliminate the practice of dumping.

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

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.

The Dodd-Frank Act: