Prepare a paper regarding the key decision-maker in the simulation based on the results of the simulation Addressing International Legal and Ethical Issues that address the following:
1) Explain why Gentura would be in breach of its contract with Cad Mex Pharma.
2) What remedies might be available for such breach?
3) Make a recommendation on how the Gentura situation should be handled.
Be sure to include an analysis of selecting the proper forum and venue for dispute resolution. Fully explain and support your recommendation. Be certain you fully analyze the situation from a legal, ethical, and business standpoint.
Addressing International Legal and Ethical Issues Simulation
Disagreements are very common in international trade. Whenever a company enters into a contract with an international entity, it must ensure that the contract is legally enforceable in order to protect the company's interest.
This simulation covers such international problems faced by a hypothetical company, CadMex Pharma based in Tampa Florida, which partners with another hypothetical company, Gentura based in a small developing country, Candore.
In March 2012 Candore was in the midst of a rare viral epidemic. Viroblax is one of the drugs used in the treatment of this epidemic and Gentura is under severe pressure from the government to subsidize Viroblax. It is for this reason that Gentura is in breach of its contract with Cad Mex Pharma. Cadmex gave Gentura the rights to Viroblax which is a drug used in the treatment of severe viral infections however subsidized production of Viroblax would violate the payment terms of the contract between Gentura and Cadmex.
Analysis of selecting the proper forum and venue for dispute resolution
Choice of Law - Candorean regulations for technology import contracts (CRTIC).
This is a discussion addressing International Legal and Ethical Issues in a Simulation concerning a fictitious company called Gentura.