Author Question: During the public comment period for a proposed rule, only affected businesses can make comments. ... (Read 95 times)

geodog55 · **on:** Jun 24, 2018

During the public comment period for a proposed rule, only affected businesses can make comments.
Indicate whether the statement is true or false

Question 2

Otis Elevator became a joint venturer with the government of South Vietnam, with a 70/30 profit split. The Vietnamese government then imposed a rule that allowed it to take 90 of all profits earned in Vietnam. Does Otis have any rights to return to the 70/30 split?

lindahyatt42 · **Reply #1 on:** Jun 24, 2018

Answer to Question 1

FALSE

Answer to Question 2

Otis has no remedy in the U.S. and expropriation is a valid act of state. Otis has encountered one of the risks of international business.