Explain Why Contract Laws Can Represent a Country Risk Arising

question 89

Essay

Explain why contract laws can represent a country risk arising from the host-country legal environment, and explain the three approaches firms typically employ to settle international contractual disputes.

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Definitions:

Conjugate Base

The species that remains after an acid has donated a proton, often able to react by accepting a proton.

pKa Values

A quantitative measure that indicates the strength of an acid; it's the logarithmic constant of a compound's dissociation in water.

Acids

Substances that donate protons (H+) in a chemical reaction and have a pH less than 7 in an aqueous solution.

pH

A measure of the acidity or alkalinity of a solution, on a scale in which 7 is neutral, lower values are more acidic, and higher values are more alkaline.