Law Essay Example | Topics and Well Written Essays - 1250 words

Law - Essay Example However the manner in which such transactions are to be handled often depends on the laws of country A since it was the mother country and the constitution was laid out by both of the two conflicting sides. Controversies will arise and this is why a compromise between the two sides has to be struck in order to settle the dispute amicably. b) Before the war, State A had granted a mining concession to Dee Company for a 50-year period on land that is now within the territory of State B. That concession still has 20 years to run. State B claims that it is no longer valid. The mining concession awarded by state A to Dee Company for a 50-year period on land that is now within the territory of State B is not valid after the secession. Although the concession still has 20 years to run, State B’s claims that it is no longer valid is justified. If Dee Company is interested to continue mining on the territory of state B, then it has to sign a different concession with them. The two state s then have to strike an agreement on how to compensate Dee Company for the remaining part of the concession since by virtue of stopping the mining, they will have violated the terms of the contract. The mining company should also understand that the circumstance under which the contract was violated was beyond anybody’s control and that its renewal is the only way forward. (c) Before the war, State X had concluded a treaty with State A in which State X granted State A â€Å"most favored nation† trade status. State B now claims that it is entitled to the same treatment. State B is not entitled to the â€Å"most favored nation† status awarded by state X to A since it may not be able to fulfill certain conditions of the status. Additionally, it is a new country and should start looking for trade partners and not rely on the contracts made by state A because they are now two different

NAFTA - Managerial Economics Essay Example | Topics and Well Written Essays - 500 words

NAFTA - Managerial Economics - Essay Example In addition to labor concerns, opposition to NAFTA was strong among environmental groups, who contended that the treatys anti-pollution provisions were inadequate. To ease concerns that Mexicos low wage structure would cause U.S. companies to shift production to that country, and to ensure that Mexicos increasing industrialization under the Treaty would not create environmental pollution to a harmful degree, special side agreements were included in NAFTA. Under those agreements, the tri-national grouping agreed to establish appropriate commissions to handle labor and environmental issues. The commissions had the power to impose steep fines against any of the member governments that failed to consistently impose its laws. There have been criticisms regarding NAFTAs implementation of environmental protection provisions. Mexico, together with Canada, has been repeatedly cited for environmental malfeasance. Also, many observers have charged that the three governments have been lax in ensuring environmental safeguards since the agreement went into effect (Wikipedia). The NAFTA members are autonomous states that have yielded some of their sovereignty to establish and effectuate a treaty that would economically benefit some 365 million people in the region, but they have retained their power to determine their principal economic and social policies. In other words, the free trade arrangement does not include a supranational government that would enforce policies from the center. Consequently, each state is free to determine its policies, subject only to agreements it has committed itself to implement. An important consideration in this analysis is the fact that Mexico, unlike the United States (and Australia), is a signatory to the Kyoto Protocol to the United Nations Framework on Climate Change (UNFCCC) which aims to limit greenhouse gas emissions (GHG). The Kyoto protocol is concerned with the reduction of global pollution but requires less