Answer the following questions regarding International Business Law in around 16 pages (4,000 words):
Q1. Critically evaluate two particular types of risks involved in international trade of goods (importing and exporting) and explain how those risked are managed through legal means. (1000 words)
Q2. With particular reference to less developed countries, critically evaluate the objectives behind the Trade Related Aspects of Intellectual Property (TRIPs Agreement), which forms part of the Word Trade Organisation. (1500 words)
Q3. Lock Ltd, an English holding company, has just established an overseas subsidiary in Japan. The subsidiary produces a highly toxic agricultural product at its plant, which if not properly handled, can cause severe health problems to those working and living near to the plant. The majority of the personnel, including senior management, are Japanese. The reason for this is that the most recent Japanese Foreign Investment Code requires that a subsidiary of an overseas parent company must give majority control to local citizens. The holding company in England seek your advice as to their legal position should the subsidiary attract liability for any harm caused by the improper handling of the toxic product that it produces. (1500 words)
Assessment Criteria:
1. Research via primary sources as well secondary sources like books and journals.
2. Students will be expected to critically describe the legal problems comprised in the protection of intellectual property across the national borders.
3. Students will be needed to critically understand liability issues occurring in the activities of multinational companies.