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Addressing International Legal and Ethical Issues

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Addressing International and Ethical Issues Stimulation Summary
Michelle Straughter
LAW/421
November 18, 2012
Corey Foster

Companies should be aware of possible pitfalls of the international business arena. Disagreements and disputes are common in international trade. Ethical issues are precisely complex when setting certain standards in international businesses. Different nations establish their standards by expanding countries. In this stimulation summary addressing international legal and ethical issues this discussion will explain how the issues resolve legal disputes and international transactions. Describing some particular considerations of taking legal action against foreign business based in another country. What factors that works against CadMex decisions to grant sublicensing agreements. When the local customs and laws conflict with customs, laws conflict with customs, and laws of an organization operating abroad, in which should be prevail. Compare the issues in the simulation to the domestic legal issues, and how the companies should resolve domestic and international issues differently.
History of CadMex Pharma and Gentura CadMex Pharma is a pharmaceutical company based in Tampa, Florida. These products are produced in 127 countries across the world. The company researches in developing drugs and manufacturing techniques. Gentura is a biotechnology company based in Candore, in which a small developing country on a high on high-growth curve. The company has evolved to a biotechnology company focused on biopharmaceutical products.
Issues Revolving legal disputes in international transactions The issues in the dispute prevailed that in 1998 an American company obtained rights for exploration and extraction in parts of Costa Rica. In 2002, the Costa Rican government cancelled the contract. There were 50 reasons that proposed the plans due to not meeting the Costa Rican environment laws. American oil invested $10 million in preliminary exploration. The exploration plan violated Costa Rica’s environmental impact law. The exploration plan would threaten the ecosystem Costa Rica. The American oil company sued the Costa Rica government for $57 billion for breach of contract. The American company withdrew the $57 billion and the Costa Rican government is looking for a better way to compensate the company for its losses.
Considerations to Take Legal Action In March 2012 deciding to take legal action and opted for marketing right for another drug compensation for the losses incurred by CadMex due to the ViroBlax subsidy. In January 2007, choosing contracts for the international Sale of Goods as a choice of law to resolve contract disputes for the international Arbitration. The Candorean government has considered licensing generic versions or ViroBlax.…...

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