Question 1

Jaye owns a business in a foreign country that is considered "friendly" with the United States but which has significant political unrest.Jaye is uneasy about the situation in the country and concerned that any business could be the subject of a taking by the foreign country or could suffer losses due to civil unrest.What advice would you give Jaye?

Accepted Answer

Seeking insurance through the Overseas Private Investment Corporation (OPIC) is the best option for Jaye as it is a U.S. government agency that specializes in providing insurance for foreign risk. OPIC offers political risk insurance that can protect Jaye's business against any losses due to political unrest or government taking. This option is preferable to seeking reimbursement through the U.S. government or relying on private insurance companies that may not provide sufficient coverage or protection in an unstable foreign environment. Selling the company and leaving the country may be an option, but it should only be considered as a last resort.

Question 2

The Gulf Oil Corp.v.Gilbert case,addressed the question of forum non conveniens.What factors did the U.S.Supreme Court set forth that courts should consider in deciding whether to dismiss a case based on forum non conveniens?

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Question 3

What is the act-of-state doctrine,and how is it generally applied by U.S.courts?

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Question 4

What is the purpose of the Foreign Sovereign Immunities Act?

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Question 5

What is the principle of comity? What conditions must usually exist for the principle to be applied?

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Question 6

Connie owns a retail establishment that sells electronics and does a lot of business with Company ABC in Japan.Connie does not want to learn Japanese law or travel to Japan in the event of a dispute with the company,so Connie seeks advice regarding how to protect from such risks in the event of a dispute.Which of the following would be a good idea for Connie?

Accepted Answer

A choice-of-law provision specifies which country's laws will govern the dispute, while a choice-of-forum provision specifies the jurisdiction or court where the dispute will be heard. By including both provisions, Connie can ensure that any potential dispute with the Japanese company is governed by a legal system and forum that is more manageable and familiar to her.

Question 7

Describe the differences between the current British common law system and the U.S.common law system.How is a solicitor different from a barrister in the British system?

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Question 8

What seven principle European institutions are primarily responsible for governing the European Union?

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Question 9

Hartley,a dress designer,arranges an apparently great deal with a company in Ireland,called Fashion,which has agreed to purchase a number of Hartley's dresses.The manager of Fashion,however,insists on delivery of the dresses before payment will be provided.Which of the following would be a good idea for Hartley?

Accepted Answer

By insisting on a documentary letter of credit provided by an issuing bank, Hartley can ensure payment upon proof of delivery of the dresses. This would provide a level of security for Hartley in case the buyer does not fulfill their payment obligation.

Quiz 24: International Law And Transactions