Legal and Ethical Issues Simulation Summary
Tennile Massey
LAW/421
March 30, 2015
Michael Carrozzo
What are the issues involved in resolving legal disputes in international transactions?
Issues involved in resolving legal disputes in international transactions can include: mergers and acquisitions, corporate law, complex litigation, employment law, global finance and tax securities to name a few. Other issues to consider would be foreign politics and foreign government policies. Contracts written that do not detail information on breeching the said contract could also pose a large problem.
What are some practical considerations of taking legal action against a foreign business partner based in another country? Some considerations to take would be the governing laws in the other country, political, economic and/or health crisis and the litigation process of that country.
What factors could work against CadMex's decision to grant sublicensing agreements?’ Possible factors that could work against CadMex include time and costs associated with quality standards that are created by sublicensing agreements.
When the local customs and laws conflict with the customs and laws of an organization operating abroad, which should prevail? Explain why.
It would benefit both parties greatly to allow local customs and laws to prevail so as to not disrupt business because the employees in that country would fare better rather than possibly forcing potential litigation
