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A+International Business Law Questions and Answers 2024
A+International Business Law Questions and Answers 2024
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A+International Business Law Questionsand Answers 2024
International Trade Framework. where is it enforced? where is it from? -
ANS--Addresses the conduct and relations of nations and international organizations
and some of their relations with persons
-Where is it enforced?
by the courts of a nation that has adopted the international law as a domestic law
-Where is it from? (generally have to assent to jurisdiction)
-some specialized courts, for example the International Court of Justice (ICJ) :
judicial branch of the United Nations have voluntary jurisdiction over nations
International Treaties - ANS-agreements between or among independent nations, WTO
Regional Trade Communities - ANS-international organizations, conferences, and
treaties focusing on business and trade regulation
-EU (European Union)
-ASEAN (Association of Southeast Asian Nations)
-NAFTA (North American Free Trade Agreement
-FTAA (Free Trade Area of the Americas)
Regional Trade Communities: agreed to increase trade by reforms such as - ANS-1.
reduced business regulation and overall deregulated markets
2. dropping restrictions on foreign investment (and exports of profits)
3. privatization of public assets, utilities, and services
4. an end to protectionism
Sovereign Immunity - ANS-foreign country's freedom from a host country's laws
Foreign Sovereignty Immunity Act (1976)
Act of State Doctrine - ANS-rule that a court should not question the validity of actions
taken by a foreign government in its own country. But the US has a commercial activity
exception
Case: Saudi Arabia v. Nelson - ANS-Saudi Arabia owns and operates a hospital and
recruits Americans to work there. Nelson saw an ad for the position, interviewed in
Saudi Arabia, and signed his contract in the US. Then, Nelson went to work at the
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