Exam 23: International Law in a Global Economy

Senator Smith and other politicians want to restrict the flow of technologically advanced products and data from the United States to other countries. To restrict or encourage exports, Congress can

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

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

Noggin Development Corporation, a U.S. firm, wishes to participate, but limit its involvement, in Middle Eastern markets. Noggin empowers Ousai, Ltd., a Dubai firm, to enter into contracts in certain countries on Noggin's behalf. This is

Confiscation occurs when a government seizes private property for an illegal purpose and without just compensation.

Nick, or Nora, or any U.S. citizen, can bring a civil suit in a U.S. court against a foreign entity

The simplest way for a U.S. firm to do business in a foreign market is to export its products directly to that market.

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

The Association of Southeast Asian Nations is a regional trade association that was created through

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

Few nations have restrictions on imports.

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

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

Firms overseas have almost total legal protection against government acts in the countries in which they operate, under the act of state doctrine.

International Diversified Corporation (IDC) owns assets in Tagistan, a new country in Asia. The government 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

The chief aim of the European Union and other trade organizations is to minimize trade barriers among their members.

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

Congress cannot impose any restrictions on exports except taxes.

Wang Ltd., a Chinese firm, imports its goods into the United States and offers those goods for sale at "less than fair value." This is

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