Both parties involved in the contract can choose the law that they want to govern their contract, providing that the law chosen is within reason (US Legal, Inc., 2012). Last, a dispute resolution clause stating the method of resolution, such as arbitration should be added in the contract in the event that a dispute does arise (US Legal, Inc., 2012). Some practical considerations of taking legal action against a foreign business partner based in another country are ensuring that the contracts are
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Executive Report—Internal Management The acquisition of Starbucks will offer those opportunities necessary to expand Dunkin’ Donuts. Currently, Dunkin’ Donuts’ main target market is aimed at adults 25-55 years of age, working class. Our strategy is to increase market share by broadening the target age groups. A significant strategy of Starbucks is the barista training program. Starbucks accommodates their innovation and fast growth by putting in systems to recruit, hire, and train baristas and
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3/7/2016 CHAPTER 3 Disputes involving private parties International disputes must either be heard • • DISPUTE RESOLUTION in a domestic system using domestic law (with the consent of both parties) unless the dispute is between 2 states (then an international tribunal/court can be convened). The law of the forum, where the dispute is being heard, will supply the procedural rules that will allow it to review the substantive matter (legal issues at stake). Disputes
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dispute-resolving mechanisms were available to the parties. Myanmar agreed to the jurisdiction of the Hamburg-based International Tribunal of the Law of the Sea (ITLOS), while India agreed to the authority of The Hague-based Permanent Court of Arbitration (PCA), and verdicts of both courts have been delivered. Bangladesh –Myanmar dispute: On March 14, 2012, ITLOS delivered the judgment rejecting the application of equidistance method in delimiting the boundary of economic zone and continental shelf
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process, in which a friendly mediator chats with the disputants until they suddenly drop their hostilities and work together for the common good. In fact, mediation is a multi-stage process designed to get results. It is less formal than a trial or arbitration, but there are distinct stages to the mediation process.
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the structures of the court system within the U.S. and the jurisdiction of the federal courts, also alternatives to litigations. State court system includes Limited-Jurisdiction which may or may not be recorded into record and may be limited by subject and amount. General-Jurisdiction, which hears evidence, testimony and renders a decision. May have separate divisions that handle civil and criminal matters and recorded into record. Some states may have an Intermediate Appellate Court which hears
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Law/531 January 9, 2012 Ayodeji Badaki Riordan Corporate Compliance Plan As an international plastics manufacturer employing 550 workers and $46 million in projected annual revenues, Riordan Manufacturing Corporation is focused providing customer product solutions and promoting a climate that focuses on the long term viability of the company. An important part of providing customer product solutions is being able to establish long term relationships with clients. This means that the company
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Opening a Foreign Law Firm in China The Chinese government officially opened China’s doors to foreign law firms in 1992, even though there was already some foreign presence since the 1980s. This “opening” of the market was very limited and foreign law firms were still not quite sure what they could or could not do, or even what their rights were. Given the very restrictive nature of the relationship between China and its national lawyers, foreign law firms were quite cautious in their approach
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Convention 11 Jurisdiction 12 The procedure 14 The advantages of ICSID procedure 17 3.3. Important cases of ICSID arbitration 19 Occidental Petroleum Corporation v the Republic of Ecuador case 19 Phoenix Action Ltd. v. Czech Republic case 21 Vigotop Limited v Hungary case 23 3.4. The Role of Precedent in ICSID Arbitration 25 4. Multilateral Investment Guarantee Agency 28 4.1. General Provisions 28 4.2. MIGA and the settlement of investment disputes
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World production: 44.6 million tonnes (2011) Despite being the most abundant metal on earth (in its raw state of bauxite), aluminium used to be considered a precious metal. Only once the processes of extraction and smelting were made more efficient and electricity became cheaper and more readily available did aluminium become what it is today – the most extensively used non-ferrous metal in the world and the most liquid contract traded on the LME. Aluminium is extremely light, pliable, has good
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