GB110 Chapter Notes - Chapter 5: Foreign Sovereign Immunities Act, Lex Mercatoria, Comity
14 Feb 2018
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Chapter 5 legal aspects of the global business. International recognition: control over a specified geographic region, a government that commands control over the population. Identifiable symbols like flags and national anthem: some uniform law, common currency, postal system, a defined population, a sovereign state is self-governing and independent. Sovereign immunity: the doctrine of sovereign immunity means that courts in one country should refrain from hearing lawsuits against foreign governments. In the u. s. , this doctrine and its exceptions are codified in the foreign sovereign. Immunities act: this federal statute allows a foreign government"s public-sector acts to fall outside the scope of a u. s. court"s jurisdiction. International law is determined, in order of importance, by: International treaties and conventions: customary international law, general principles of law. Investigation of a buyer"s credit report is helpful. Less suited to multiparty litigation because arbitration tribunals do not have the power to bring into the lawsuit any party who has not voluntarily agreed to arbitration.
