1. What are the bases of international legal disputes? Describe the situations and the authority that addresses the issues. (Be creative- suggest some possible areas of dispute in international transactions)

2. What impact do Federal laws and regulations have on international business? Name at least 3 different types of laws that affect international businesses

3. ABC Inc. is a leading manufacturer of integrated circuits (chips) and related software for such specialty markets as communications and mass storage, as well as PC-based audio, video, and multimedia. The company has also made significant strides in wireless communications. Its wireless products have been selling well in its already existing markets in the United States, Japan, and Europe. But, like any company, Pegasus is eager to grow the business. It is now exploring the potential of expanding its wireless business to China. The government of China has made spending on wireless a priority. Wireless is really the only choice for China because of the high cost of burying the communications cables necessary in wired systems; further, in underdeveloped countries, copper wires are often stolen and sold on the black market. But there is one concern. China allocates frequencies and makes franchise decisions city by city, district by district. A 'payoff' may be required to get licenses (in many countries around the world).

China alone represents easily $100 million of business per year. The company wants to maximize shareholder value but the CEO wants to model ethical leadership. He has made an effort to build a corporate culture characterized not only by aggressive R&D and growth but also by integrity, honesty, teamwork, and respect for the individual.

What would you do in this case? Why? Would this be your strategy globally?

4. Is paying someone else (agent) to do the bribery (in foreign countries) same as doing it directly? Can you be implicated under the FCPA Act? Explain your position.