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(a)
Case summary: The company T contracted with the German Company WV for supplying the materials for tents in Saudi Arabia. The contract stated the supply of most of the material from New York, the principal location of company T. The company WV’s architects and engineers acted as agents to the government of Saudi Arabia. Upon the bankruptcy of the company WV, the company T filed a case against the government of Saudi Arabia for the compensation. In defense, the government of Saudi Arabia approached the court for dismissal of the suit referring to the doctrine of sovereign immunity.
To find:Circumstances when the doctrine of sovereign immunity is applicable.
(b)
Case summary: The company T contracted with the German Company WV for supplying the materials for tents in Saudi Arabia. The contract stated the supply of most of the material from New York, the principal location of company T. The company WV’s architects and engineers acted as agents to the government of Saudi Arabia. Upon the bankruptcy of the company WV, the company T filed a case against the government of Saudi Arabia for the compensation. In defense, the government of Saudi Arabia approached the court for dismissal of the suit referring to the doctrine of sovereign immunity.
To find: Exceptions to the doctrine of sovereign immunity
(c)
Case summary: The company T contracted with the German Company WV for supplying the materials for tents in Saudi Arabia. The contract stated the supply of most of the material from New York, the principal location of company T. The company WV’s architects and engineers acted as agents to the government of Saudi Arabia. Upon the bankruptcy of the company WV, the company T filed a case against the government of Saudi Arabia for the compensation. In defense, the government of Saudi Arabia approached the court for dismissal of the suit referring to the doctrine of sovereign immunity.
To find:Jurisdiction of the court for dismissal of the above case while referring to the doctrine of sovereign immunity.
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Chapter 11 Solutions
The Legal Environment of Business: Text and Cases (MindTap Course List)
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- Imagine you have the sole marketing rights to a new herbal shampoo that you developed from local herbs and plants that are indigenous to your country. This shampoo can stop hair loss and promote hair growth for those who have suffered hair loss. You have branded it Nasure® Shampoo, and given your limited capital, you plan to sell your product exclusively over the Internet and support it by advertising and infomercials on late-night television. You have also planned some social media marketing, plus you are also hoping to obtain free publicity in men's fashion magazines. You plan to sell the product in a 400-gram bottle for $599 plus $9.99 shipping and handling. This price is considered premium to that of competing products, but you justify this based on the unique properties of the shampoo. Recommend a secondary target market for the shampoo given its abilityarrow_forwardPlease make sure to answer each step and show work. Thank you!arrow_forwardSimilar to insurance companies, financial institutions such as banks view risk management as critical to the success and viability of their business and have therefore adopted strategies to manage the risks they are exposed to. Explain 5 operational risks and give two examples of such risks faced by management at financial institutions. explain the importance of establishing an effective risk management policy at financial institutions to manage operational risks, giving one example of a risk management strategy used by financial institutions to mitigate such risks. Discuss the role of the Core Principles of Effective Bank Supervision as it relates to operational risks, in the effective management of financial institutions?arrow_forward
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