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Addressing International Legal and Ethical Issues Simulation Summary
Brandon P. Cabico
LAW 421
February 23, 2015 joe smith

Addressing International Legal and Ethical Issues Simulation Summary
International transactions and dispute resolutions require both the knowledge of the law and awareness to unfamiliar culture, politics, formal and informal power structures and decision-making approaches. Whether collecting assets in the U.S., assembling a collective venture with an Asian organization, or implementing a contract provision with a European supplier, businesses need lawyers who have displayed their experience and knowledge of all the aspects that can construct or deconstruct a business opportunity. (White and Williams LLP, 2013)
While exercising the possibility of foreign business relationships some of the things lawyers and businesses need to take into consideration are the laws that are governing the other countries. The laws in other countries may have a direct impact on whether it is wise to consider or continue a legal course of action. Another situation to consider is where both countries currently are financially, if one of the two is suffering from a major economic crisis it may be best to opt out of taking legal action and come to an agreement elsewhere or another time. Also, is taking legal action always necessary and will the country who is considering this benefit in the long run? That is a question that should be asked to help justify and determine if legal action is the best option.

Reference
White and Williams LLP. (2013, February). International Transactions and Disputes. Retrieved from http://www.whiteandwilliams.com

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