dispute-resolving mechanisms were available to the parties. Myanmar agreed to the jurisdiction of the Hamburg-based International Tribunal of the Law of the Sea (ITLOS), while India agreed to the authority of The Hague-based Permanent Court of Arbitration (PCA), and verdicts of both courts have been delivered. Bangladesh –Myanmar dispute: On March 14, 2012, ITLOS delivered the judgment rejecting the application of equidistance method in delimiting the boundary of economic zone and continental shelf
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Both parties involved in the contract can choose the law that they want to govern their contract, providing that the law chosen is within reason (US Legal, Inc., 2012). Last, a dispute resolution clause stating the method of resolution, such as arbitration should be added in the contract in the event that a dispute does arise (US Legal, Inc., 2012). Some practical considerations of taking legal action against a foreign business partner based in another country are ensuring that the contracts are
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Law/531 January 9, 2012 Ayodeji Badaki Riordan Corporate Compliance Plan As an international plastics manufacturer employing 550 workers and $46 million in projected annual revenues, Riordan Manufacturing Corporation is focused providing customer product solutions and promoting a climate that focuses on the long term viability of the company. An important part of providing customer product solutions is being able to establish long term relationships with clients. This means that the company
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Convention 11 Jurisdiction 12 The procedure 14 The advantages of ICSID procedure 17 3.3. Important cases of ICSID arbitration 19 Occidental Petroleum Corporation v the Republic of Ecuador case 19 Phoenix Action Ltd. v. Czech Republic case 21 Vigotop Limited v Hungary case 23 3.4. The Role of Precedent in ICSID Arbitration 25 4. Multilateral Investment Guarantee Agency 28 4.1. General Provisions 28 4.2. MIGA and the settlement of investment disputes
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process, in which a friendly mediator chats with the disputants until they suddenly drop their hostilities and work together for the common good. In fact, mediation is a multi-stage process designed to get results. It is less formal than a trial or arbitration, but there are distinct stages to the mediation process.
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the structures of the court system within the U.S. and the jurisdiction of the federal courts, also alternatives to litigations. State court system includes Limited-Jurisdiction which may or may not be recorded into record and may be limited by subject and amount. General-Jurisdiction, which hears evidence, testimony and renders a decision. May have separate divisions that handle civil and criminal matters and recorded into record. Some states may have an Intermediate Appellate Court which hears
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World production: 44.6 million tonnes (2011) Despite being the most abundant metal on earth (in its raw state of bauxite), aluminium used to be considered a precious metal. Only once the processes of extraction and smelting were made more efficient and electricity became cheaper and more readily available did aluminium become what it is today – the most extensively used non-ferrous metal in the world and the most liquid contract traded on the LME. Aluminium is extremely light, pliable, has good
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Formation Documents Assignment Articles of Organization of a Domestic Limited Liability Company COMFORT AND CARE DAYCARE, LLC Pursuant to Chapter 12 of Title 13.1 of the Code of Virginia the undersigned states as follows: Article I Name of the Limited Liability Company The name of the Limited Liability Company is Comfort and Care Daycare, LLC (hereinafter the “Company”). Article II Initial Registered Agent and Office The name of the Company’s initial registered agent is Jennifer
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Employment Conflict Management Fast Serve Incorporated is a successful $25 million dollar company that sells brand sports apparel. The company employs 350 workers and sells merchandise online and through retail stores. Presently the online sales are not meeting the originally projected sales goals or even covering the cost of the overhead to keep the website operational. Fast Serve’s management has decided to abandon the online sales venture to cut their losses and concentrate on building the retail
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Addressing International Legal and Ethical Issues Simulation Summary LAW/421 March 26, 2013 Addressing International Legal and Ethical Issues Simulation Summary The simulation “Addressing International Legal and Ethical Issues” discusses the contract between CadMex, a United States pharmaceutical company based in Tampa, Florida with Gentura, a biotechnology company based in the small, developing country of Candore. Explicitly defining contract terms is imperative. Even with international courts
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