Exam 23: International Law in a Global Economy

Business Abroad,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

Sudan seizes the assets of Triage Medico,Inc.,a U.S.firm.Triage's recovery from Sudan in a U.S.court may be prevented by

An international custom is a general practice accepted in the international arena as law.

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

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.

U.S.antidiscrimination laws,as they affect employment relationships,generally do not apply extraterritorially.

China and India form an agreement to govern their commercial ex?changes with one another.This is

Confiscating property without compensation does not normally violate principles of international law.

Diners Corporation,a U.S.firm,signs a contract with Essen,A,G.,a German firm,to give Essen the right to use Diners' trademark in restau?rants in Germany.This is

Dumping is the sale of imported goods at "greater than fair value."

Continents Two Corporation,a U.S.firm,establishes a wholly owned subsidiary firm in Argentina.In this situation,Continents Two retains complete control and authority over

Qang and other foreign citizens allege human rights violations committed overseas by the government of Burma on behalf of Railway Construction Company,a U.S.firm.To seek redress for their injuries in a U.S.court,these citizens can

Congress cannot impose any restrictions on exports except taxes.

Agro Co-op,Inc.,and Bio Feed Corporation are exporting firms that join together to export a line of products.Agro Co-op and Bio Feed apply to Charter Bank for a loan to fund their effort.Under federal law,Charter and other U.S.banks are

Yokima,Ltd.,and Zenota,S.A.,transact an international sale of goods.For these parties,and other international buyers and sellers,the United Nations Convention on Contracts for the International Sale of Goods spells out the duties that apply

Simpatico Business,Inc.,a U.S.firm,expands into international markets through a joint venture.In the venture,Simpatico shares

International Diversified Corporation (IDC)owns assets in Tagistan,a new country in Asia.The gov?ernment of Tagistan wants to nationalize all assets owned by foreign firms and investors.What can IDC do? Can it at least obtain payment for the assets?

A party to a licensing agreement generally agrees to pay royalties on some basis.

Restrictions on imports may include tariffs.

Restrictions on imports may include quotas.