Business Problem Assignment Help
According to Goodwin (n.d.), it is important for international businesses to be well informed of the foreign countries in which they do business in. Colossal Company will have to present its best defense in the country of Notso because the country is within its right to hold Colossal responsible for its activities within the country. “Foreign companies are bound to obey the laws of the country where they are doing business” (Goodwin, n.d.). Upon the results of the trial, Colossal runs the risk of having a judgement be rendered in that country be brought to the United States so it can be enforced (Goodwin, n.d.). This can occur as long as the United States is willing to accept the judgement and the certain standards have been met: · Jurisdiction · Adequate notice · Due process or similar procedures · If fraud was present in judgement · Judgement conflict between final judgement and initial agreement. In conclusion, the VP needs to present a strong defense and the necessary documentation to prove innocence. The country of Notso should not be slighted because Colossal no longer has a business relationship with the country, on the other hand, the laws of the country should be respected and adhered to. It is important to remember that depending on the outcome of the case and the if the judgement meets United States’ law standards, it will be enforced. It is also important to consider that Colossal’s behavior will be reported and will impact the business’ future ability to expand its business to other countries and other countries’ willingness to negotiate with a rogue organization.
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With the given case analysis, one can find that the Company’s regional VP is being unethical and incorrect in his approach. In order to pursue business which is out of the international domain and expertise, it needs to integrate and comply with the foreign countries laws. It helps the business to flourish (Leamer, 2016). The company Colossal needs to understand the best course of the actions to interpret the defense existence within its country of Notso. It is due to this fact the country should also consider the rights that can lawfully consider it to hold Colossal under its activities existence to the country. There have been foreign companies which are bounded to abide by the laws of the country in which they are able to flourish and do their business. It is based on the results of the trial which has allowed the Colossal to run their course of the judgment and risk within the existing country. It needs to ensure it allows building strategically in the United States, which can allow it to exist with the framework of the judgment. It needs to consistently meet with the• Jurisdiction • Adequate notice along with the conversion of the due process or similar procedures. It has also been viewed that there has also been fraud in deliverables along with the lack of judgment, which has conflicted the rationality of the final judgment and initial agreement.
To conclude and summarize, the VP should build on a strong force by bringing the important document. Even for the country, Notso needs to effectively bring laws as Colossal is primarily working outside the country. Even while not having a business relationship; it needs to respectfully adhere to important law parameters that can deliver an outcome with respect to the case. It should respect the judgment of the United States’ law standards, that has been enforced.
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