Exam 24: International Law in a Global Economy

Mountain Mining Company,a U.S.firm,owns property in Bolivia.The government of Bolivia seizes the property for an illegal purpose without paying just compensation.This is

Yokio,Ltd.,and Zeno,S.A.,transact an international sale of goods.At the request of these parties,a court in Portugal resolves a dispute between them.A U.S.court will most likely honor the judgment

Suisse Internationale,a Swiss maker of athletic equipment,enters into a price fixing agreement with Total World Sports,a U.S.wholesaler of Suisse's products.U.S.courts will apply U.S.antitrust laws if

Dumping is the exporting of environmentally polluting goods to a foreign market.

Reality Financial Corporation,a U.S.firm,files a suit against Switzerland in a U.S.court.Switzerland claims foreign sovereign immunity.Under the Foreign Sovereign Immunities Act

Franchising is a form of licensing.

Few countries guarantee compensation to foreign investors if their property is taken.

The act of state doctrine provides that the judicial branch of one country will examine the validity of public acts committed by a recognized foreign government within the latter's own territory.

Global Marketing,Inc.,a U.S.firm,owns property in Honduras.The government in Honduras takes Global Marketing's property without paying for it.A U.S.court will probably not examine the validity of this act committed by Honduras within its own territory,under

Foreign citizens can bring civil suits in U.S.courts for injuries caused by violations of the law of nations or a treaty of the United States.

The major difference between international law and national law is that government authorities can enforce national law.

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

Generally,U.S.employers abroad must abide by U.S.discrimination laws unless to do so would violate the laws of the country where their workplaces are located.

Congresswoman Smith and other politicians want to prohibit the import of certain genetically modified agricultural products that they believe may pose a danger to domestic crops.With respect to these products' import,Congress can

The United States and other members of a certain organization agree to grant normal trade relations (NTR)status to each other with regard to imports and exports.This organization is

Miranda is a U.S.citizen working in Europe for Tourist Vacations,Inc.,a U.S.travel agency.Tourist fires Miranda for reasons that she believes violate U.S.antidiscrimination laws.Those laws apply

The management of Sweet Soft Drinks Corporation,a U.S.firm,wants to expand into foreign investment and employment markets.They are considering either opening their own production facility in a foreign country or entering into a licensing agreement with a foreign firm.What are the advantages and disadvantages of each of these courses of action

Optima Medico Corporation,a U.S.firm,signs a contract with Pharma Beneficial,Ltd.,a Canadian firm,to give Pharma the right to sell Optima's products in Canada.This is

UniVision Corporation,a U.S.company,sets up a firm in Vietnam.UniVision remains in the United States and retains ownership of the Vietnamese branch,as well as authority and control over all phases of the operation.This is

Each member of the World Trade Organization is obligated to treat other members at least as well as it treats the country that receives its most favorable treatment with regard to imports or exports.