Your employer, Ortiz-Hartman Steel Limited, is a specialty U.S. steel manufacturer. Over the past several years, OrtizHartman
Question:
Your employer, Ortiz-Hartman Steel Limited, is a specialty U.S. steel manufacturer. Over the past several years, OrtizHartman has been underpriced in its specialty steel submarket by a manufacturer from the Bishopric of Saul, a nation that has virtually no environmental laws. Steel plants in Saul spew pollutants into the air and the rivers. Some of the pollutants damage the property and health of Saul subjects, but no cause of action in Saul affords them relief. Other pollutants damage the environment in neighboring countries. Faced with crippling competition, some members of Ortiz-Hartman management recommend that OrtizHartman build a plant in Saul and take advantage of the more forgiving pollution laws.
1. Your employer asks you to prepare a memorandum summarizing the potential liability to Ortiz-Hartman associated with building a plant in Saul under current law. In your assessment, address all possible sources of liability, even those that you consider to be unlikely. Explain the detailed reasoning for your assessments.
2. Prepare a memorandum summarizing long-term risk in light of emerging international environmental legal standards.
Step by Step Answer:
International Business Law and Its Environment
ISBN: 978-1285427041
9th edition
Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge