1. Why is conciliation a better way to resolve international commercial disputes than arbitration?
2. What are the bases of international legal disputes? Describe the situations and the authority that addresses such issues. (Be creative - suggest some possible areas of dispute in international commercial transactions - research this to find two real-world examples).
3. What impact do U.S. Federal laws and regulations have on Multinational Corporations? Name at least two different types of U.S. laws that affect international businesses (Cite country/product examples).
4. ABC Inc. is a leading manufacturer of integrated circuits (chips) and related software for such specialty markets as communications and mass storage, as well as PC-based audio, video, and multimedia. The company has also made significant strides in wireless communications. Its wireless products have been selling well in its already existing markets in the United States, Japan, and Europe. Like any company, Pegasus is eager to grow the business. It is now exploring the potential of expanding its wireless business to China. The government of China has made spending on wireless a priority. Wireless is really the only choice for China because of the high cost of burying the communications cables necessary in wired systems. China allocates frequencies and makes franchise decisions city by city, district by district. A 'payoff' may be required to get licenses (in many countries around the world).

   China alone represents easily $100 million of business per year. The company wants to maximize shareholder value but the CEO wants to model ethical leadership. He has made an effort to build a corporate culture characterized not only by aggressive R&D and growth but also by integrity, honesty, teamwork, and respect for the individual.

   What would you do in this case? Why? Would this be your strategy globally? Explain in detail.

5. Is paying someone else (an independent agent) to do the bribery (in foreign countries) the same as doing it directly? Can you be prosecuted under the Foreign Corrupt Practices Act? Explain your position. (You may refer to ABC Inc. above if needed).
6. Explain how the legal environment can have an impact on an MNC's decision to enter foreign markets. Be specific. Give company/country examples.
7. Assume you are a vice president in charge of a new business-to-business e-commerce division of a well-known major international auto parts manufacturer. A cyber squatter has registered the company name as a domain Web name. What are your options to secure the domain name for your company? Discuss the steps you should take to ensure worldwide protection of your domain name.