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Author Question: During the public comment period for a proposed rule, only affected businesses can make comments. ... (Read 96 times)

geodog55

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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?


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lindahyatt42

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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.


geodog55

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Reply 2 on: Jun 24, 2018
Thanks for the timely response, appreciate it

fatboyy09

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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