The forum in which the dispute will be settled is also a vital consideration. Culture and ethics may play a big role in the decision of the forum. Possibly jurisdiction may be considered as well? What factors could work against CadMex’x…………………………………… “Dealing with foreign laws could pose a problem----we need to have someone with relevant expertise in Candorean law and extensive knowledge of international business. Why hose local laws, when there are well accepted international laws for such transactions”.
Other issue is what country laws should be applied and whether any foreign judgment obtained might be enforced in the court of choice. The international countries laws are the laws that need to be taken into consideration because the United States law is only upheld within the United States and not international countries. When going into a contract with international companies the Unites States must make sure the international company can enforce the contract legally. The United States must also consider the cultural and ethical differences in business transactions. What factors could work against CadMex's decision to grant sublicensing agreements?
The shaven beard example in the simulation uncovered a conflict between the rules of the company and religion expression. The example regarding the beard may not always be acceptable in certain situations, and a company may have to make some adjustments to deal with particular situations that arise. These adjustments could make it easier to comply with the foreign country’s requirements and make conducting business in that country more pleasant. This also helps to protect companies against any claims of discrimination. International problems regarding business law, in this week’s simulation, are similar to those presented in week one’s reading regarding domestic issues of business
The organization could experience lawsuits if any of the contracted workers have any problems and could leave the organization liable for damages When the local customs and laws conflict with the customs and laws of an organization operating abroad which should prevail? Explain why. Local customs should always prevail. When there is conflict with local customs and laws a business could suffer from a poor reputation defined as insensitive to the foreign company that the business is being conducted in. When companies operate overseas there needs to be some kind of work through that will cover both the foreign sensibilities as well as the rules
They also struggle with the ability to agree to take ethical responsibilities of on-site catastrophes, leaks, spills and misfortunes. ( Buzzle n.d.) The pharmaceutical companies struggle with the situation of whether or not to make merchandise recalls if certain harmful information about them comes to surface, these are ethical issues that all organizations must be prepared for. What lesson could the management in the simulation (case #1) learn and apply to their business strategy from cases #2 and #3? It seems as though the organizations involved in case one could learn to apply international law,
The documents were prepared internally and this was a potential problem because they could have been altered by anyone within the company. When documentation such as delivery receipts are obtained from an independent source outside the company, it provides a greater assurance of reliability for the auditor. Grant Thornton should have used the delivery receipts as a basis but further obtained other forms prepared by external entities such as the Form 9540-1 prepared by the USDA official, and the notification form that the customs broker prepared. These forms are slightly more difficult to alter because a third party indirectly related to the company prepares them. Grant Thornton should have cross-referenced these forms and looked for any discrepancies.
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
International Legal and Ethical Issues Eddie Brown Law/421 September 25, 2014 Lydia Quarles International Legal and Ethical Issues Companies are informed of international legal and ethical issues procedures on how to do business with foreign countries. The international legal issue are choices surrounding law selecting local counsel, understanding of the local laws, and due diligence must be considered in order to make good decisions when doing business in other countries. In the simulation, the legal issue that affect CEMEX was understanding of the laws of the country they were doing business with laws that are managed by the government of other countries could causes problem with their business agreement. The issues Involved in
Many companies who are in the international market are faced with ethical and moral challenges due to dealing with cultural differences.. These challenges when faced can make a company look good but when ignored it can damage a company and its reputation. With Levi Strauss and Company, they have faced these cultural issues and challenges. Cultural Issues Facing the Company Levi Strauss and Company has faced a lot of scrutiny in recent years from employee’s rights unions, investment companies, stockholders, foreign organizations and various media outlets. The cause of this is due to two of the company’s plants located in Bangladesh