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.

Business

You might also like to view...

During the Song era, Chinese painting was primarily inspired by Confucianism.

A) True B) False

Business

The intentional tort of assault requires that:

a. there be physical contact with the body b. the injured party suffer a "noticeable" physical injury c. the injured party be detained against his or her will d. the defendant intended to injure the plaintiff e. none of the other choices

Business

What led most directly to increased government involvement with regulating business and its dealings with society?

A. The Industrial Revolution B. President Kennedy's consumer bill of rights C. The collapse of the oil industry D. The Great Depression E. The end of World War I

Business

In Oracle 11g Express, you enter and run commands using the SQL ____________________ tool

Fill in the blank(s) with correct word

Business