Question: need quick solutions or any idea. Question 3 (7 marks) Consider what happens when State X passes a law that makes it compulsory for branches
need quick solutions or any idea.

Question 3 (7 marks) Consider what happens when State X passes a law that makes it compulsory for branches of all of its domestic banks to follow State X's rules on the regulation of bank deposits. Around the time this law is passed, another law is passed in the parliament of State Y. State Y's law makes it mandatory for the local branches of those located in State Y, but whose parent banks are located overseas, to follow State Y's rules regulating bank deposits. Bankers Credit Company, a bank headquartered in State X, and which has a foreign branch in State Y, is confused as to which laws - State X's or State 'l's - to comply with. You are the legal counsel for Bankers Credit Company. Advise the bank using relevant international business law principles and applicable cases as to which law its foreign branch in State Y has to comply with. Explain your answer with reference to the relevant international business law principles and applicable cases. Note - Students should provlde an answer ln relatlon to how oonlcts between Host and Sta te Regulations are resolved
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
