Question: Goodman Co . , a U . S . corporation, manufactures paper clips in the Philippines. During 2 0 2 3 , a political revolution

Goodman Co., a U. S. corporation, manufactures paper clips in the Philippines. During 2023, a political revolution occurs and the new Philippine government nationalizes all industries owned by foreign owners (the Act of State Doctrine). The Philippine government pays Goodman nothing for the value of the assets it seized. The action of the new Philippine government is:
confiscation
bribery
repatriation
expropriation
 Goodman Co., a U. S. corporation, manufactures paper clips in the

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!