Smith has been in practice for 25 years in the San Francisco Bay Area. Over the years, he has represented domestic and international clients in a broad range of matters. He has worked for, with and against some of the best attorneys in the San Francisco Bay Area.
LAW Week 2 What are the legal issues involved in determining the best way to resolve legal disputes in international transactions? When legal disputes arise internationally, the legal requirements between two countries may not always be compatible.
In the simulation, CadMex is faced with the challenge of sublicensing its products in international markets. To overcome this risks is important for the company to perform ample research and due diligence before entering into an international contract.
If possible, it is best to resolve disputes in following order: Litigating through a foreign court system is likely to be very expensive and have a low success rate, thus it should only be used as a last resort.
What are some practical not legal considerations of taking legal action against a foreign business partner based in another country?
Taking legal action against a foreign business partner has several practical considerations. First, the cost of taking legal action will likely be much more expensive due to the increased need to research laws applicable to the country.
Second, the probability of a foreign entity successfully winning a civil suit against a domestic entity will most likely be very low.
Third, suing a business partner could adversely affect the brand reputation and make other international partners cautious of doing business with the company.
It is often much more favorable for both parties to resolve disputes behind closed doors with mediation or arbitration, as opposed to a formal court system. The Canadian government has a vested interest in seeing domestic industry thrive, therefore, it may not want to cede market share to a foreign corporation.
If the foreign legislators believe sublicensing will hurt domestic firms, they could take steps to prevent the deal from going through. If this event were to take place, CadMex would have very few remedies to profit from its sublicensing agreements.
This highlights the importance of conducting ample due diligence before investing in operations in a foreign country.
When the local customs and laws conflict with the customs and laws of a U. The customs policies of the country receiving the goods should prevail.
For example, if a U. When a person or business breaks the law in a foreign country, they will be forced to abide by the legal process and punishments given in the foreign country. In extreme cases, foreign governments have seized assets of foreign businesses for violating local laws.
How would you compare the issues in this simulation to the domestic legal issues discussed in your Week One readings. In principle, the international legal issues are very similar to domestic issues. Laws are designed to protect the people of the domestic country and firms must work within these constraints.Anthony V.
Smith has been in practice for 25 years in the San Francisco Bay Area. Over the years, he has represented domestic and international clients in a broad range of matters.
He has worked for, with and against some of the best attorneys in the San Francisco Bay Area.
Law - Completethe Addressing International Legal and Ethical Issues simulation. Tutorials: Feedback Score: 96% ( ratings) Purchase it. Report this Question as Inappropriate Question. Law Completethe Addressing International Legal and Ethical Issues simulation How should companies resolve domestic and international.
LAW Week 2 Addressing International Legal and Ethical Issues Simulation Summary. Complete the Addressing International Legal and Ethical Issues simulation. Write a word summary. In your paper, answer the following questions: How should companies resolve domestic and international issues differently?
As international business booms, Illinois lawyers are increasingly challenged to resolve business disputes between domestic and foreign parties. Attorneys drafting contracts that involve two internationally diverse parties must consider including arbitration, choice of law, and choice of forum provisions to prevent future entanglements in distant or unforeseen jurisdictions.
Apr 03, · And second, given their inherently international nature, it was always clear that new domestic legislation would need to be followed by new international treaties.
In short, progress would require a broad and sustained effort to modernize both domestic and international laws. Addressing International Legal and Ethical Issues LAW/ Contemporary Business Law October 4, Addressing International Legal and Ethical Issues In the “Addressing International Legal and Ethical Issues” simulation; a company named CadMex was in discussions to do international business with a company from Candore named Gentura.