Exam 5: The Political, Legal, and Regulatory Environments

Consten,a French company,had exclusive rights to import and distribute German Grundig's electronic products into France.One of the competitors started bringing "parallel imports" into France illegally,importing Grundig product bought from a foreign supplier.Which of the following does not represent an action taken by different legal bodies?

Brazil is not among the emerging market countries who have signed the New York Convention.

In Malaysia and Saudi Arabia,it is common to see that restaurants have signs declaring that all food is "Halal." Also,it is seen that courts handle marriages,divorces,distribution of family assets,and business practices by the "Sharia." What are these tenets and how do they have an impact on international business?

The United States has more lawyers than any other country in the world and is arguably the most litigious nation on earth.This is a reflection of:

A key issue is global patent protection for software.Although copyright law protects the computer code,it does not apply to the idea embodied in the software.

Antitrust laws in the United States and other countries are designed to combat restrictive business practices and to discourage competition.

If a foreign company is taken over by the host country government,and some form of compensation is paid,"confiscation" has occurred.

The U.S.Justice Department objected to a recent patent license agreement between S.C.Johnson & Sons and Bayer AG.The antitrust unit at the Justice department objected to:

India,Pakistan,Malaysia,Korea,and Japan have common-law jurisdictions.

The governmental action to dispossess a foreign company or investor is known as:

Which of the following is true about protection of computer software?

British Petroleum,British Airways,and Rolls-Royce were some of the companies that were privatized under so-called Thatcherite economics.

The high level of political risk currently evident in Russia can be attributed in part to excessively low taxes on business operations.

In a recent case,Revlon sued United Overseas Limited (UOL)in the U.S.District Court for the Southern District of New York for breach of contract.UOL countered by asking the court to dismiss the claim since they are not operating in that area.Revlon cited the presence of a UOL sign above the entrance to the offices of a New York company in which UOL had a 50-percent ownership.The court dismissed UOL's claim.This is an issue related with:

What type of international disputes would be taken before the International Court of Justice?

What happens if a nation has allowed a case against it to be brought before the ICJ (International Court of Justice)and then refuses to accept a judgment against it?

Which of the following is true of the arbitration framework created by the New York Convention?

Engineers at a company in a developing country study an American computer chip design,copy it,and produce identical chips that are then sold to local computer makers.What form of intellectual property has been wrongly appropriated?

Italy recently introduced the Reguzzoni-Versace Law which is intended to regulate trade in textiles,leather,and footwear.All of the following statements pertaining to the law are correct except:

The unauthorized publication or reproduction of copyrighted work is referred to as: