Internation Legal and Ethical Issues
International Legal and Ethical Issues
LaFaye Moore Jr.
LAW 421
August 8, 2012
Corey Frost
International Legal and Ethical Issues Businesses run internationally. Doing international business proposes ethical issues because other countries overseas may do business differently. “What we have done for ourselves alone dies with us; what we have done for others and the world remains and is immortal” (Vogel, 2012, Para. 17). Businesses make contracts to bind the deal when doing international business because contracts set the atmosphere of the deal. This gives each side the opportunity to say speculations of the deal.
Resolving Legal Disputes The issues that affect resolving legal disputes in international water have different values that do not match the other partner values. Determining where to hold a court hearing when there is a legal action to follow can be difficult especially, if the other countries would rather handle legal issues out of court. Belief systems in the other countries can create problems. When the government is involved with the legal action of the company in court, the systems have to meet in the middle, and this task is not always easy. The consideration to take legal action is worth the risk of losing the contract that is in effect if it resolves the problem and if compensation for the initial project is more beneficial than future contracts that may show the same result. In the simulation there was a breach in the contract because the government system changed thus stopping the process to follow the original contract. Is there a fair chance in taking legal action against Costa Rica or would it be in favor of the United States to take it to court. The consideration to take legal action against a foreign country has risks that could be worse than the outcome of the legal action itself (like not acquiring the option to open new contracts with that country in the future).
Negative Factors There will always be factors that could
LaFaye Moore Jr.
LAW 421
August 8, 2012
Corey Frost
International Legal and Ethical Issues Businesses run internationally. Doing international business proposes ethical issues because other countries overseas may do business differently. “What we have done for ourselves alone dies with us; what we have done for others and the world remains and is immortal” (Vogel, 2012, Para. 17). Businesses make contracts to bind the deal when doing international business because contracts set the atmosphere of the deal. This gives each side the opportunity to say speculations of the deal.
Resolving Legal Disputes The issues that affect resolving legal disputes in international water have different values that do not match the other partner values. Determining where to hold a court hearing when there is a legal action to follow can be difficult especially, if the other countries would rather handle legal issues out of court. Belief systems in the other countries can create problems. When the government is involved with the legal action of the company in court, the systems have to meet in the middle, and this task is not always easy. The consideration to take legal action is worth the risk of losing the contract that is in effect if it resolves the problem and if compensation for the initial project is more beneficial than future contracts that may show the same result. In the simulation there was a breach in the contract because the government system changed thus stopping the process to follow the original contract. Is there a fair chance in taking legal action against Costa Rica or would it be in favor of the United States to take it to court. The consideration to take legal action against a foreign country has risks that could be worse than the outcome of the legal action itself (like not acquiring the option to open new contracts with that country in the future).
Negative Factors There will always be factors that could
References: Vogel, L. W. (2012, Jul/Aug). Be Good. Journal of the Missouri Bar, 68(4), 189-190. Academic Search Complete.