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 Mongols had foreign administrators in China because they did not trust any Chinese person to be left in charge therefore foreign people were used. While in the Middle East the Mongols felt that leaving the Persians to have some charge would be the best for the people and result in benefits. Along with similar and different political effects of Mongol rule, there were similar and different economic effects of Mongol rule on China and the Middle East. The economic effects of Mongol rule on China and the Middle East were similar in that both were forced to give up money. In
Gap Analysis: Riordan Riordan Manufacturing opened a production facility in China. Because it flourished, Riordan's CEO wanted to add another facility. By adding another facility, Michael Riordan hopes to provide the company with additional international opportunities. The competition in China results in a lack of skilled labor; however, labor from nearby countries is available to Riordan Manufacturing. Using workers from these other countries requires Riordan Manufacturing to consider cross-cultural issues.
China was completely contrary from Central Africa on economic, political, and cultural bases during the 1500-1800. From 1000-1500 China led the world in economic development and there after experiencing the trauma of rule by the Yuan Dynasty, China adopted policies that favoured Chinese political and cultural tradition. On the other hand, the kingdoms of central Africa had initiated commercial relations with Portuguese merchants and diplomatic relations with Portuguese monarchy. Portuguese traded for slaves and slave trade undetermined the authority of the King. The Kings were converts of Christianity just to establish closer relations with Portuguese whereas Chinese has great problems with the exclusivity of Christianity but the Jesuits were respectful of Chinese culture and won a few converts.
Every company involved must do its part of resolving any legal disputes, such as drafting a choice-of-law clause. Drafting this clause is a good beginning because it helps both parties protect and define specific laws. If a legal dispute does arise both parties may want to consider other options before taking any legal actions, options like; the original contract, the partnership, relations and investments with the country in which the company is located, and government laws where business is transacted. A factor that may not have a favorable outcome
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
The parts of the planes should have been stamped with China. The plane is basically an engine and wings which are both made in China while the whole product was put together in Mexico. The JEC, CAAS and SAC if they tried to appeal the decision they would not win as the rules state they would have to make a new
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