International Business Transactions and the Doctrines of Sovereign Immunity and Act of State.

Need help with my writing homework on International Business Transactions and the Doctrines of Sovereign Immunity and Act of State. Write a 2250 word paper answering; Foreign business entities seek to take advantage of the host country by exploiting the host state’s capacity for lowest production cost, highest sales turnover and repatriating their profits to their respective home states whilst the host state aim to make the most of the foreign entities’ operations in its territory to benefit its economy and resist, as far as practicable, repatriation of profits. 2 Even the advent of globalisation and free trade, states remain possessed, although diluted, of inherent powers under legal principles and doctrines that can pose as sources of political risks and instability for international business transactions. These legal principles and doctrines, that transcend national boundaries, are underpinned by the right of the state to protect itself and its citizens.

The ability to anticipate and manage risks and potential conflicts are crucial in the management of international business transactions and economic success largely depends on it. Albeit good contractual planning significantly minimises these potential risks and inevitable conflicts, it is never absolute security from future risks. This is because contract planning is always encumbered by future uncertainties posed not only by economic but, also political and legal changes, such as war, revolution, civil unrest, nationalisation and government acts that can greatly affect the conduct of business.

Don't use plagiarized sources. Get Your Custom Essay on
International Business Transactions and the Doctrines of Sovereign Immunity and Act of State.
Just from $13/Page
Order Essay

One of the legal precepts that international business entities must contend with is the principle of state sovereignty. This principle provides that a state has a right to self-determination and thus, has exclusive control over its territory, property ownership and economy. It is synonymous to state independence allowing the state to fully exert its power, authority, order and legitimacy without being subjected to a higher or external power. As can be gleaned from such a description of the precept, state sovereignty has two aspects: internal and external. The first refers to a state’s ultimate dominion over the fate of its&nbsp.territory and everything within it and is also called political sovereignty whilst the second, also called juridical sovereignty, refers to its equal standing with other states in the global stage.

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.
Live Chat+1(978) 822-0999EmailWhatsApp

Order your essay today and save 20% with the discount code GOODESSAY