Otis Elevator became a joint venturer with the government of South Vietnam, with a 70/30 profit split. The Vietnamese government then imposed a rule that allowed it to take 90% of all profits earned in Vietnam. Does Otis have any rights to return to the 70/30 split?
Otis has no remedy in the U.S. and expropriation is a valid act of state. Otis has encountered one of the risks of international business.
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Fill in the blank(s) with correct word