International Business Transactions
Making, regulating, and breaking international business transactions. (1) Formation of international business transactions, focusing on contracting for and financing the international sale of goods, licensing and distributorship agreements, and foreign direct investment. (2) Regulation stage of international business transactions, including the transactional reach of U.S. government regulation, regulation of corrupt payments to foreign officials, international protection of intellectual property, and securities and antitrust aspects of international transactions. (3) Breaking international business transactions; transnational dispute resolution through arbitration and through transnational litigation in U.S. courts.
LAW
639
 Hours3.0 Credit, 3.0 Lecture, 0.0 Lab
 PrerequisitesFirst-year law courses.
 Taught 
Course Outcomes: 


International Business Relationships

Students will develop an introductory understanding of a broad range of topics involving transnational business that arise in making, regulating and breaking international business relationships.

Environments

Students will have an overview understanding of the environments of transnational business, including introductory material on public international law, the world economic environment, including the World Trade Organization, the General Agreement on Tariffs and Trade, and the International Monetary Fund.

Corporate Actors

Students will be able to understand the role of corporate actors in the transnational business environment, including issues arising with respect to the nationality of corporations, the treatment of foreign corporations under local and international law, and the basic features of the multinational enterprise.

Case Study Problems

Students will have worked through case study problems in a variety of transnational business settings, including transnational sales, agency and distributorship agreements, licensing agreements, establishing an operation abroad, mergers and acquisitions, international joint ventures, and development agreements.

Transnational Sales

With respect to transnational sales, students will have a framework understanding of choice of law and choice of forum, transportation and financing in international trade, the U.S. regulation of export trade.

Agency & Distributorship Agreements

With respect to agency and distributorship agreements, students will have considered issues involving termination and exclusivity.

Licensing Agreements

With respect to licensing agreements, students will have received an introductory framework for understanding intellectual property issues in a transnational environment, special issues that arise involving intellectual property in developing countries, antitrust aspects of intellectual property, royalty arrangements, and the treatment under U.S. and international law of black market and gray market goods.

Establishing Operations Abroad

With respect to the establishment of an operation abroad, students will have received an introduction of the implications of the choice of corporate form, examples of national restrictions on foreign investment, and frameworks and legal standards for the protection of foreign investment.

Mergers & Acquisitions

With respect to mergers and acquisitions, students will have reviewed the basic features of a share purchase agreement, securities and corporations law, antitrust law, and privatization.

International Joint Ventures

With respect to international joint ventures, students will have reviewed and critiqued a U.S.-China Joint Venture Contract and the Chinese legal framework for regulating foreign investment, resolving differences, and addressing antitrust issues.

Development Agreements

With respect to development agreements, will have received an introduction to drafting problems in development agreements, some legal aspects of development agreements, international law on the breach or repudiation of development agreements, and issues that arise with the renegotiation of development agreements.