The ultimate threat a foreign government can pose toward a company is seizing assets. South Korea nationalized Kia, the nation's number three automaker, in the wake of the Asian currency crisis
How does this nationalization differ from expropriation and confiscation?
Nationalization is generally broader in scope than expropriation. It occurs when the government takes control of some or all of the enterprises in a particular industry. This is recognized by international law as a legitimate exercise of government power, as long as the act satisfies a "public purpose" and is accompanied by "adequate payment." On the other hand, expropriation refers to governmental action to dispossess a foreign company or investor. Compensation is generally provided, although not often in a prompt, effective, and adequate manner. Also, it may not match with international standards. If no compensation is provided, then it is referred to as confiscation. Confiscation is generally prohibited under international law and is considered an unfair practice.
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a. contractor revenue model b. utility and usage revenue model c. professional revenue model d. franchising revenue model
As a part of the planning process, auditors develop an audit strategy, an audit plan, and a time budget.a. Describe an audit strategy and explain its purpose.b. Describe an audit plan and explain its purpose.c. Describe a time budget and explain its purpose.
What will be an ideal response?
Are all contracts divisible?
A. Yes B. No
Which of the following cannot be adjustment(s) to gross income on the 1040 form?
a. Health insurance premiums paid by self-employed individuals b. Alimony paid c. Moving expenses d. Traditional IRA contributions e. Child care deductions