Exam 24: International Law And Transactions

A foreign investor may have to compromise its employment policies to satisfy local requirements.

The European Commission is the __________ of the European Union.

Under Islamic law,"Gharar" is the allocation of certain taxes to deprived and poor people as a welfare contribution.

A __________ is created when a group of states reduce or eliminate tariffs between themselves but maintain their own individual tariffs as to other states.

Some countries require employers to fund employee benefits that are not expected in the United States.

The principle of equity is unique to civil law legal systems.

If a country exerts nationalization over a company's assets and provides compensation,__________ has occurred.

What is the purpose of the Foreign Sovereign Immunities Act?

In a series of laws,known collectively as the __________ laws,Congress authorized the president to raise U.S.tariffs on specified products and to provide other forms of import protection to U.S.businesses.

Through the process of __________,a nation that was not an original party to a treaty can elect to participate in a treaty at a later time.

The Council of Ministers is the legislative body of:

The __________ is the principal multilateral mechanism devoted to the regulation of international trade,which requires member states to abide by the Multilateral Trade Agreements.

A __________ eliminates internal trade barriers among its members as well as adopts common external trade policies toward countries that are not members.

In CASE 24.2 Morrison v.National Australia Bank Ltd.(2010),the U.S.Supreme Court ruled for the plaintiffs in the case against foreign and American defendants for misconduct in connection with securities of a foreign issuer that were purchased on foreign exchanges.

The antidumping law is the most frequently used U.S.import-relief law.

The Gulf Oil Corp.v.Gilbert case,addressed the question of forum non conveniens.What factors did the U.S.Supreme Court set forth that courts should consider in deciding whether to dismiss a case based on forum non conveniens?

The North American Free Trade Agreement provides for elimination of barriers to trade between:

When disputes arise,most western European countries use the "American rule" whereby each party,win or lose,generally pays its own attorney fees.

The members of the European Parliament are elected by the __________ of the member states.

What seven principle European institutions are primarily responsible for governing the European Union?