Addressing International Legal and Ethical Issues simulation

May 11th, 2015
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What are the issues involved in resolving legal disputes in international transactions? What are some practical considerations of taking legal action against a foreign business partner based in another country?.......................................... 1100 words APA style assignment.

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Addressing International Legal and Ethical Issues simulationStudent NameInstructor NameCourse IDMarkets in foreign countries present a higher profit prospective than the home market, which attract countries to spread out globally. Despite earning profits there also originate some legal and ethical issues of entering into these markets to make their spreading out an achievement. Some legal and ethical issues are employment, human rights, corruption, and pollution etc (McGraw-Hill). For the purpose of International transactions and dispute resolving, it is vital to be familiar with the regulation and understanding of foreign culture, official and unofficial authorize structures, politics, and administrative approaches.The International Transactions and Disputes Groupshould occupy such qualified lawyers who are familiar with global finance, employment law, tax, creditors rights, intellectual capital etc. CadMex is a largest pharmaceutical company of United States which is also involved in international disputes resolution.Problems concerned with resolving legal disputes in global transactionsIt is necessary for the both parties to resolve all the legal and ethical issues properly if any one arises. Both parties should discuss the problems concerned in deciding legal disputes in global transactions. In case of CadMex there are numerous sublicensing issues but here are some tips provided to resolve them e.g. signing of contracts to guard parties, clause

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