Browse over 20 million
homework answers & study documents

Law 421 Legal and Ethical Issues in Resolving International Interactions

Type

Homework

Rating

Showing Page:
1/3
Law 421 Legal and Ethical Issues in Resolving International
Interactions
LAW/421
Legal and Ethical Issues in Resolving International Interactions
When an individual or a company is going to involve themselves in
international transactions and or resolve a problem he or she should be
educated with the laws and understand the foreign culture that he or she
is doing business with. Without knowledge of the laws and the customs
of a country it could mean that the business transaction will end before it
started. It does not matter how small the international transaction, how
good the partnership is, and if he or she thinks that nothing will ever
happen during international transaction it is him or hers responsibility to
make sure they are protected from any lawsuits and any litigations
occurring.
Businesses that take part in international transaction need to remember
the transaction can be challenging. Both parties of an international
transaction should come to an agreement on what is the choice of law
and what forum selection will be used. The choice of law is to help
eliminate confusion and helps coming to an understanding. The forum
selection is a decision on how the conflict will be resolved such as
arbitration, litigation, jurisdiction of the courts, and procedures. More
issues are the culture will be different in a foreign country and if there are
any religious views that he or she follows. In the United States men and
women are treated equally. Men and woman have the choice on what
they want to do such as what type of work he or she does, who they
marry, and what activities he or she is involved in.
One example of an issue is the culture in India and other parts of the
Middle East it is forbidden for women to be involved of business
transactions and the women are not supposed to look at the men and if
they do it is considered to be an insult and could be punished. The
example of the Middle East is a good example on how an international
transaction could end before it starts. Ethical issues that can arise are
the welfare and the wellbeing of the country involved in the transaction.
An example is in the virtual viewing Cad Mex chose to allow the generic
medication because of the virus outbreak. Meanwhile, Cad Mex was

Sign up to view the full document!

lock_open Sign Up

Sign up to view the full document!

lock_open Sign Up

Sign up to view the full document!

lock_open Sign Up

Anonymous
Had to paraphrase some of the content but overall, really useful material.

Anonymous
Thanks, good work

Anonymous
Heard about Studypool for a while and finally tried it. Glad I did caus this was really helpful.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4