Canexco Ltd., a Canadian engineering company located in Edmonton, is negotiating an arrangement with an Australian architect and an American steel supplier whereby the three companies will form a consortium to construct a new hotel in Hanoi, Vietnam.

1. In the event of difficulties among the parties, how will they settle their differences?

2. What law will apply?

3. If one party decides to go to court, which country's courts will have jurisdiction?

4. Must the dispute be settled in court or can the parties have arbitration instead?