The applicable laws should be determined when dealing with international legal disputes. The issues involved in resolving international legal disputes entails the aspects of mergers and acquisition. The aspects relating to the international courts should be observed. The international legal disputes also involve the aspects of complex litigation. The different taxation regulations at different parts of the country makes it difficult to handle the legal disputes.
The aspects relating to global finance also forms part of legal disputes in an international perspective. International financial markets lead to various legal disputes relating to financial transactions of the international companies. The aspects of securities and trading of shares results in various legal disputes, in companies all over the globe.
The practical considerations to be taken into consideration when dealing foreign business partners include the observance of the taxation rules relating to both countries so as to adjust various aspects in assessing the profit levels of the businesses. The ethical and cultural practices among the countries should also be analyzed. The applicable laws in the country of business should also be determined in order to take legal action against the business partner.
The factors that will work against Cadmex's decision are that the non-disclosure agreement of may be violated by Gentura due to the financial interest. The proprietary information of Cadmex's may be sold to the highest of the bidders. Gentura could also enable the country of Candore to prosper by getting the financial gains. These factors may, therefore, act against the decision of sublicensing agreement by CadMex leading to failure of such business transactions.The local laws and customs of the country where the organization operates at should prevail over the laws of the countries operating in other locations. The laws are only sensible if they are practically applicable to that country of operation. The exceptions to the CGIS make such countries exempted default in using the CISG to be used as the most prevailing law.
The issue of simulation and the ones we read in the week ne readings are similar since both shows the relevance of the law suits and their grounds of the application. The issues are also similar because they relate to international laws and regulations in decision making. The best interest of the company should be made a priority when dealing with both international and domestic matters and disputes. The arbitration should be used when dealing with such conflicts.
