A crocodonian business firm chartered an airplane owned by

Reference no: EM13573894

State Responsibility and Environmental Regulation (Australia)A Crocodonian business firm chartered an airplane owned by the Republic of Crocodonia to fly cargo to Country U. The cargo was a load of crocodile skins that are legal to own and sell in Crocodonia but that are considered contraband in Country U. The business firm, knowing this, mislabeled the cargo as cowhides. When the plane landed in Country U, Counry U's Contraband Enforcement Agency seized both the plane and its cargo. The cargo was destroyed and the plane was sold in accordance with a Country U anti-racketeering statute. The government of Crocodonia was incensed. It sent a diplomatic message to Country U protesting that its national honor had been sullied by Country U's actions. Crocodonia and Country U are parties to an Arbitration Treaty, and they agree to submit the dispute to arbitration. Crocodonia seeks compensation for the airplane and, on behalf of the Crocodonian business firm, compensation for the destroyed cargo. What will the arbitration tribunal decide? Discuss.

Reference no: EM13573894

Questions Cloud

Compare and contrast the tax advantages accurring to : compare and contrast the tax advantages accurring to employers from the establishment of a qualified pension or

Ifrs excludes subsidiaries acquired for disposal within one : how does u.s. gaap differ from ifrs with respect to presenting consolidated financial statements?a u.s. gaap requires

Explain the difference from a tax standpoint of expenses : explain the difference from a tax standpoint of expenses incurred by an employee and an independent contractor. who has

The production manager of a large company reports the : the production manager of a large company reports the following data for the production of the companys single

A crocodonian business firm chartered an airplane owned by : state responsibility and environmental regulation australiaa crocodonian business firm chartered an airplane owned by

Conversion value a 1000 bond is convertible into 25 shares : conversion value. a 1000 bond is convertible into 25 shares of common stock having a market value of 47 per share.

For example can you think of some industries in which this : for what kinds of capital investment projects do you think monte carlo simulation would be most useful? for example can

Based on the following information what would be the ending : based on the following information what would be the ending balance in the retained earnings account assuming all

Several years ago a multilateral treaty came into effect : several years ago a multilateral treaty came into effect among some 45 countries including most of the major developed

User Account

All Pages