This paper focuses on the "Libyan Arab Foreign Bank v. Bankers Trust Company" case of 1988.
Written in 2008; 924 words; 3 sources; APA; $ 32.95
Paper Summary:
The paper offers a summary of the "Libyan Arab Foreign Bank v. Bankers Trust Company" case of 1988. The paper then looks at current events of international corporations doing business in the U.S. and their submission to U.S. law. The paper also discusses the role of e-commerce and the legal precedents of the Libyan Bank case.
From the Paper:
"The oil industry is continuing to become largely an international venture, with consolidations of domestic United States operations creating attractive assets for foreign purchase. The recent attempt by the Chinese national oil company to purchase UNOCAL corporation and the Dubai World ports purchase of the company the operated many U.S. ports brought to light a half century old congressional act protecting vital domestic infrastructure. The Defense Production Act of 1950 empowered the President to block the purchase of U.S. companies by foreign corporations if national security is threatened (James & Wall, 2007, n.p.)."
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