• What are the issues involved in resolving legal disputes in international transactions? International transactions and dispute resolutions require both an understanding of the law and a sensitivity to foreign culture, politics, formal and informal power structures and decision-making approaches. Whether acquiring assets in the U.S., forming a joint venture with an Asian company, or enforcing a contract provision with a European supplier. When entering into agreement with another country it is
Words: 347 - Pages: 2
these issues and the possible decisions that can be made in those situations. The company is named CadMex Pharma who specialize in pharmaceutical development as well as healthcare products with an international company named Gentura who specialize in biotechnology. The following paper will discuss CadMex’s decisions made and the impact that it had on the company. Practical Considerations of Taking Legal Actions When entering into an international business agreement, there are certain considerations
Words: 452 - Pages: 2
International Ethical and Legal Issues What are the issues involved in resolving legal disputes in international transactions? When entering into agreement with another country it is imperative the contract is legally enforceable. With international business transactions both parties should also be aware of changes that are made to international laws and regulations. What are some practical considerations of taking legal action against a foreign business partner based in another country? Some
Words: 454 - Pages: 2
resolve legal disputes, know some practical considerations of taking legal actions against foreign businesses in another country and what factors could work against CadMex’s decisions to grant sublicensing agreements. Resolving legal disputes internationally requires a different handling of transactions. A contract for the International Sale of Good is a common choice of law as it protects more than local laws. Factors that should be considered are: which country’s court should have jurisdiction
Words: 305 - Pages: 2
Addressing International Legal and Ethical Issues Simulation Summary 1. What are the issues involved in resolving legal disputes in international transactions? The issues involved in resolving legal disputes in international transactions include but are not limited to the signing of contracts designed to protect both parties, choice of clause, which forum to use when settling a dispute and if arbitration, if used, will be binding or nonbinding. Something else to think about when resolving
Words: 654 - Pages: 3
foreign laws, due diligence, and choosing the right law and dispute resolutions. This paper also highlights some of the factors that could possibly work against CadMex when it comes to its decision on sublicensing agreements. Some of the factors discussed in this paper include time and cost increases in addition to price differences between generic brands in Canada and CadMex’s brand. The paper will also discuss some of the ways local customs and laws can conflict and how to deal with the situation
Words: 1616 - Pages: 7
Addressing International Legal and Ethical Issues Simulation Summary Law/421 • What are the issues involved in resolving legal disputes in international transactions? Resolving legal disputes in international transactions should have an international arbitration for resolving disputes internationally. There should be a legal backing to enforce contracts with cross-border multi-jurisdiction transactions. Thus, a dispute resolution clause should be added just in case there are any infractions
Words: 453 - Pages: 2
and certain decision made by the corporation. What are the issues involved in resolving legal disputes in international transactions? The worldwide business deal and disagreement solutions need to know the knowledge equally or comprehending the concepts of the law. Furthermore, these global dealing needs to have compassion “of the foreign culture, politics, formal and informal power structures, as well as the decision-making” methods (White & Williams, LLP, 2015, para. 1). What are some practical
Words: 664 - Pages: 3
What are the issues involved in resolving legal disputes in international transactions? Changes in legislation, clashes of interest, and ethical dilemmas. What are some practical considerations of taking legal action against a foreign business partner based in another country? Legal actions could have a bad impact on current and future investments as well as business relations with the nation. If you do not take legal actions, you could just be inviting the opposing
Words: 423 - Pages: 2
Ethical Issues Simulation Summary What are that issues involved in resolving legal disputes in international transactions? “Whenever a U.S. firm enters into a contract situated in a different country, it should make sure the agreement is officially enforceable” (Melvin, 2011). The same thing is important with a international company. They have to make sure they are fully aware of any changes that are made to global rule and regulations in the agreement. What are some practical considerations of
Words: 444 - Pages: 2
