Addressing International Legal and Ethical Issues Simulation Summary What are the issues………..international When a U.S. company has decided to enter into business with a foreign company the same binding bases of business is applied. The base of business is the same contract that would bind companies to agreements in the U.S. Possible disagreements and disputes are expected in the international trade sector. The reality is that the contract that binds the companies to the original agreement, is used to settle these disputes without further legal action. The U.S. company wants to protect its interests by making sure that the contracts are enforceable in the foreign country. Considering the foreign companies culture and ethics in business transactions
Addressing International Legal and Ethical Issues Simulation Summary Nicole Williams LAW/421 March 7, 2013 Kenneth C. Kanouse, J.D Addressing International Legal and Ethical Issues Simulation Summary What are the issues involved in resolving legal disputes in international transactions? The issues involved in resolving legal disputes in international business transactions are legal, ethical, and cultural issues. International transactions and dispute resolutions require both an understanding of the law and sensitivity to foreign culture, politics, formal and informal power structures and decision-making approaches (White and Williams, n.d). However, the issues in resolving the legal dispute is what county should have jurisdiction meaning where would the trial be held. Other issue is what country laws should be applied and whether any foreign judgment obtained might be enforced in the court of choice.
1. International Legal and Ethical Issues Cynthia Debose October 07, 2013 Law/421 University of Phoenix Chontele McIntyre 2. Once an individual completes the simulation, he or she can see that there are many problems concerning the practices, and resolving of international transacts disputes. It was hard trying to work through the difficulties of dealing with two different sets of protective laws. One problem encountered was attempting to develop one agreement that would represent two different companies, each with its own set of government policies regarding business. Every company involved must do its part of resolving any legal disputes, such as drafting a choice-of-law clause.
One of the main objectives of the simulation was addressing some of the potential legal and ethic issues resulting from such a partnership. While developing a contract that meet each company needs and offered protection to property rights and potential disputes. In working through the simulation some of the issues involved with working with foreign business are the legal system. An organization dealing with legal issue in a foreign court run the tendency of the case reviewed quickly resulting in facts being overlooked. Another issue is the difference is two countries law what is able to stand-up as proof
Addressing International Legal and Ethical Issues Simulation Erik Larson Law/421 February 17th, 2013 Eric Nord Addressing International Legal and Ethical Issues Simulation Strategy and tact are both required when a profitable endeavor is wanted while conducting international business. When conducting international business, legal issues are bound to arise, but must be resolved in order to retain the relationship between organizations. How a company deals with these legal issues is what can set a successful company apart from the rest of the field. When entering into an agreement with a company in another country, legal documents must be drafted to protect each company’s interest. In a business context, dispute resolution is not simply
BUSM 4125 – International Human Resource Assignment One: Case Study Analysis Introduction This essay will be analysing the case study of Pharmaz in the headquarters and India. While trying to disseminate the corporate culture across borders, there are various issues faced in the subsidiary due to the cultural differences between the Indian culture and its headquarters. As international business involves interaction and movement of people across borders, the appreciation of cultural differences is important (Dowling, et. al 2008). Thus, it is important to have the right people and IHRM practices appropriate for the right context.
During the medarb, each side will communicate the dispute and attempt to reach a voluntary agreement. The results of the mediation are not binding but rather presented in good faith and up to the disputing parties to follow. In the event that the dispute is not resolved in a 48-hour period after the beginning of medarb or if the prior mediated agreement was disregarded, the arbitration process will begin. The role of the arbitrator will be assigned to another neutral legal party agreed on by Riordan and the customer. The decision handed down by the arbitrator is final and binding to those in dispute.
Week 7 DQ 1: "Detecting Unethical Practices at Supplier Faculty" Please respond to the following: Assess the value of having a Supplier Code of Conduct when outsourcing operational functions to international markets and the enforceability of such a code. Evaluate whether or not you believe a U.S.-based company outsourcing jobs to foreign markets is ethical. Support your position. Assume that you have to make the decision to outsource work to a foreign market. Determine what country would be your best option.
Our society is regulated by a complex set of rules and regulations which both guide and protect individual and community rights. Being well informed about legal issues, including the rights and responsibilities integral to our society, is part of being an active and informed citizen. Students of Legal Studies Stage 6 will develop an understanding of legal concepts and the way the law functions in our society. The syllabus focuses on the way in which law is generated, how it is structured and how it operates in Australian and international contexts. Learning about our legal system will allow students to investigate the way our society operates and the influences that shape it.
Addressing International Legal and Ethical Issues Simulation Summary Your Name LAW 421 September 11, 2012 Your Instructor What are the issues involved in resolving legal disputes in international transactions? Any time there are contracts with other countries, there has to be some kind of clause for resolving legal disputes. Additionally the clause must include some type of enforcement to ensure resolution (Melvin, 2011) What are some practical considerations of taking legal action against a foreign business partner in another country? Since United States law is only enforceable in United States courts, the laws of the foreign country must be taken into consideration. Because the law of the foreign country is the only law that can be enforceable contracts are only as good as the backing of the country's backing and are only binding in that instance.