Identify the Term for and Discuss the Legality of a Government's

question 34

Essay

Identify the term for and discuss the legality of a government's taking of property owned by foreign investors.Discuss what action a company might take if it wants to do business abroad but is concerned about losing its property to a foreign government.

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Definitions:

Arm's-Length Transaction

A deal made by parties freely and independently of each other, and without some special relationship, such as a familial tie, that might taint the transaction.

Confidentiality

The obligation to protect and not disclose information that is private, sensitive, or classified to unauthorized individuals.

Self-Interest

Acting in a way that is most advantageous to oneself, based on personal benefits or gains.

Fraud In The Inducement

A false representation of fact by one party to another party, intended to deceive and induce the other party to enter into a contract.