International Diversified Corporation (IDC) owns assets in Tagistan, a new country in Asia. The government of Tagistan wants to nationalize all assets owned by foreign firms and investors. What can IDC do? Can it at least obtain payment for the assets?
What will be an ideal response?
If a government decides to seize property within its borders, and not to pay for it, there are few remedies available. This is of course a confiscation, which results when a government takes private property for an illegal purpose without paying just compensation. (An expropriation, by contrast, occurs when a government seizes private assets or a private business for a legal purpose and pays for the seizure.) Under most circumstances, it is unlikely that a confiscating nation's courts would order its government to pay just compensation, even if the court had the authority to do so. In a case alleging that a foreign government has wrongfully taken a business firm's property, the defendant government has the burden to prove that the taking was an expropriation, not a confiscation. But the act of state doctrine can prevent a firm's recovery in a court in the firm's home country. Under that doctrine, a court in one country will not review the validity of a public act of a recognized foreign government within it own territory. (Some nations guarantee compensation to foreign investors in their constitutions, statutes, or treaties. Others (such as the United States) provide some insurance for their citizens' investments abroad. Claims are often resolved by lump-sum settlements after negotiations, as between the United States and the confiscating nation.)
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Which sentence uses verbs correctly?
A) We recently heard that economy carrier Clear Skies Airlines are expanding its service to the Midwest. B) Although published in 1992, Men Are From Mars, Women Are From Venus still remains a popular nonfiction book. C) The Los Angeles Dodgers have raised ticket and concession prices every year.
Thane Company is interested in establishing the relationship between electricity costs and machine hours. Data have been collected and a regression analysis prepared using Excel. The monthly data and the regression output follow:MonthMachine HoursElectricity CostsJanuary2,500$18,400 February2,900 21,000 March1,900 13,500 April3,100 23,000 May3,800 28,250 June3,300 22,000 July4,100 24,750 August3,500 22,750 September2,000 15,500 October3,700 26,000 November4,700 31,000 December4,200 27,750 Summary OutputRegression StatisticsMultiple R0.965R Square0.932Adjusted R20.925Standard Error1,425.18Observations12.00 CoefficientsStandard Errort StatP-valueLower 95%Upper 95%Intercept3,726.881,682.822.210.05(22.69)7,476.45Machine Hours5.770.4911.70.004.676.87If the controller
uses regression analysis to estimate costs, the estimate of the fixed portion of electricity costs is: A. Fixed Cost = $3,726.88 B. Fixed Cost = $5.77. C. Fixed Cost = $1,682.82. D. Fixed Cost = $1,425.18.
The distinction verbal versus visual orientation of cultures can best be explained by one of the cultural dimensions below.
a. long-/short-term orientation b. uncertainty avoidance c. power distance d. individualism/collectivism
Which of the following statements about the Banwari Mittal's properties of intangibility is true?
A. Service benefits such as fun and excitement are concrete terms B. Services such as an MRI or a cat scan have a high level of mental impalpability C. An ATM is high in incorporeal existence D. Services like doctors, amusement parks and health clubs are typically described in specific terms E. Services such as dental care have less nonsearchability than babysitting