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Legal Concepts

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Week 6 Legal Concepts: Shenyang v US
Brandon Hall, Sheila Jones, Chuck Philbrick
University of Phoenix
Business Law
LAW/531
July 20, 2015

Week 6 Legal Concepts: Shenyang v US
Managers who have business internationally have to worry about different areas of business because it is much different than domestic business relations. These areas are the different types of culture, level of competition, market intelligence, politics/government /legal systems, international law (Trade Smart, n.d.), just to name a few. In the case of Shenyang Yuanda Aluminum Engineering Co. v. United States the company had to worry about international laws that are governed by the United States International Trade Commission. These laws dictated that International Trade Commission would do their part by investigating any allegations against another entity and if it is not able to resolve the dispute than the businesses could be disputed the appropriate courts such as the International Trade Courts.
Part of doing business internationally is assuming that risk is at the forefront. Managers have to manage and understand the risk that is involved with doing business internationally. Because this is a known factor management should develop policies, procedures, and processes that enable the company identify risk and monitor the risks associated with the business interactions. Management is also responsible for establishing appropriate due diligence at the time of the deal and the life of the relationship to manage any risk.
One of the main issues with doing business internationally is the potential for conflicts arising from different cultures ways of conducting business. The potential conflicts of law issues that arise are important for businesses to understand. If a conflict arises, they must know which country has jurisdiction, and the potential remedies for such countries. In this

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