Reference no: EM132225441

Question 1:

In a second case, a Colossal subsidiary in Bartan, an Asian country, wants the company to enter into a sales contract with a subsidiary there, using the UN Convention on Contracts for the International Sale of Goods (CISG) as the controlling law.

The VP needs to know the ramifications of this option and decide whether it is a good idea.

Question 2: The parent company, Colossal Corporation, has been sued in the country of Notso in South America. The lawsuit claims millions of dollars in damages due to supposed pollution at a mine that Colossal owned there. Since Colossal has already decided to exit that country and sold the mine there, the company's regional VP believes there is no risk if the company is taken to court in Notso. He says that even if Colossal loses there and a court judgment is rendered against it, there is no danger because the company will have left the country.

The VP needs to know if he is right.

Each question should be one page long and should include the following: Include a specific recommendation of what action, if any, the VP should take based on your analysis and conclusions.

Support your conclusion with references to legal principles and laws.

Attachment:- Arbitration laws.zip