Wednesday
August 27, 2014

Homework Help: Legal aspect of business

Posted by Louise on Thursday, May 23, 2013 at 1:28am.

ABC is a multinational enterprise (MNE) incorporated in State X. ABC entered into a joint venture agreement with XYZ, an MNE incorporated in State Y, to jointly produce a new line of hydraulic equipment in ABC's new factory in State Z, a developing nation. ABC & XYZ have mutually agreed to have the law of State Y govern any disputes or concerns arising under the joint venture agreement. Shortly after the conclusion of the agreement, a wiring defect in ABC's factory caused it to burn to the ground, killing five tourists in the immediate vicinity who were nationals (citizens) of State Q. XYZ, fearing bad publicity, sued ABC to rescind the joint venture agreement. X,Y, & Z are all common law states, while Q is a civil law jurisdiction.

Answer this Question

First Name:
School Subject:
Answer:

Related Questions

Business Law - Background: ABC is a multinational enterprise (MNE) incorporated ...
Legal Aspect of Business - ABC is a multinational enterprise (MNE) Incorporated ...
MATH - MAKE R the subject of the formulaq........ I =(mne) devide by (mR+nr...
HELP!!!!RIGHT NOW!!!! - Which set of side lengths shows similar triangles? (1 ...
Math - Which set of side lengths shows similar triangles? Triangle ABC : 40, 20...
Finance - Having previously identified the location of its Greenfield investment...
finance - Having previously identified the location of its Greenfield investment...
chem - What happens to a catalyst in a reaction? a. it remains unchanged b. it ...
management of business - what is a joint venture? what are the sources of ...
geometry - if triangle abc is similar to xyz and the area of abc is 8 square ...

Search
Members