Exam 23: A: International Law in a Global Economy

Vieux Carré S.A. ,a French firm,imports its goods into the United States and offers those goods for sale at "less than fair value." "Fair value" is the price of Vieux Carré's goods in

Quotas are limits on the amounts of goods that can be imported.

A U.S.citizen can bring a civil suit in a U.S.court against a U.S.entity for a tort allegedly committed overseas.

The government of Japan sets a limit on the amount of rice that can be imported from the United States.This is

Eagle,Inc. ,a U.S.firm,contracts with Fong,Ltd. ,a Hong Kong firm,al?lowing Fong to use and profit from Eagle's patented products.This is

Antidumping duties are the responsibilities of international environmental polluters.

Canada giving effect to the laws and court decisions of the United States is an application of

Call Center Corporation,a U.S.firm,owns property in India.The government of India seizes the property for a proper public purpose and pays Call Center just compensation.This is

In a civil law system,the only official source of law is a statutory code.

International law attempts to reconcile the authority of each nation over its own affairs with its desire to benefit from trade and harmonious relations.

Global Properties,Inc.(GPI),a U.S.firm,owns property in Hong Kong.The government in Hong Kong takes GPI's property without paying for it.A U.S.court will proba?bly not examine the validity of this act commit?ted by China within its own territory,under

Generally,U.S.employers abroad must abide by U.S.discrimination laws.

UniOil,a U.S.firm,owns property in Venezuela.When the government of Venezuela seizes the property,UniOil asks a U.S.court to order the property's return.The court rules that Venezuela is exempt from the court's jurisdiction.This is

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

The government of Iran violates an international law.Persuasive tactics to remedy the situation fail.The only recourse of other nations is to

Under the act of state doctrine,a firm whose assets a foreign gov?ernment has expro?priated may not recover compensatory damages in a U.S.court.

Many remedies are available for confiscation of property by a foreign government.

In a civil law system,the courts independently develop the rules governing certain areas of the law.

Precision Motors Corporation (PMC),a U.S.firm,expands into international markets through a joint venture.In this venture,PMC owns

Fact Pattern 23-1B Sociedad Guarantia (SG),a Mexican firm,borrows $1 million from Tri-national Bank,a U.S.firm.Later,SG files for bankruptcy under Mexican law and asks the Mexican court to order the reimbursement of payments on the loan.Tri-national files a suit against SG in a U.S.court,arguing that the funds do not belong to SG. -Refer to Fact Pattern 23-1B.Under the principle of comity,the U.S.court in Tri-national's suit is most likely to