Colossal Corporation International Project Responses
Based on my analysis and interpretations of CISG, I find the UN convention a good idea to use as controlling law. Therefore I recommend the VP to use CISG as a governing law to enter into a contract with the Bartan subsidiary. The main objective of CISG is to offer a fair, uniform, and modern system of contracts for the sale of global goods. It significantly contributes to assurance and certainty in exchange for commercial goods and a reduction in the cost of transactions. The UN convention on CISG applies when the regulations of private international law are applicable in the contracting state (Kiraz, 2019). If the rules apply in all the states entering into the contract, then the features of the contract to choose lies on the contracting parties. CISG renders impartial regulations which can be accepted readily owing to the availability of extensive explanatory materials and its efficient nature of transactions. Though, it is in order to understand that CISG only applies to intercontinental transactions. It precisely takes into account the private international law regulations that are within its application cope.
In conclusion, CIG provides transparent contracts with distinct regulations that are available to all the concerned parties comprising the entrepreneurs, manufacturers, business people, and attorneys. The convention is also coined in a way that its terminologies are consistent across all jurisdictions hence easily interpreted by any court in all countries. It also has an expansive collection of case laws written in English and the database available on digital platforms. Almost ninety-five percent of the international trade between countries that have taken to CISG takes place with the help of this important UN convention (Kiraz, 2019). This shows how efficient, comprehensive, and accommodative CISG contract is to its proponents.
The action that is yet to be taken by the VP of the Colossal Company is incorrect because Notso is within her right to hold the company liable for the damages it has caused to the country due to the pollution incident. It is, therefore, important for the company to respect the protocols that are outlined by the host country. The decision to leave the country by the VP will not make them forgo the damages. The company is required to pay in such cases. If the company fails to abide by regulations and leaves the country, then the country can present the matter to the international court of the United Nations, where the verdict will be rendered (Menkel-Meadow, 2015). I recommend that the VP should find one of the best lawyers to defend the company and need to respect the court verdict. If the company is found guilty of fraudulent conduct, then a penalty is imposed on them. In case the subsidiary company has been closed, the regulations outline that the payment of the penalty is to be done by the parent company
In conclusion, it is suitable for the VP to know that such cases are handled at the international court. The court is obliged to look into all the contractual laws and how they were applied by the company. If the company is found guilty, the violation attracts hefty fines and penalties (Menkel-Meadow, 2015). Apart from the penalties, such cases paint a bad reputation of the company and might ruin its future operations. Therefore imperative for the VP to accept the laws imposed by the host country and abide by them.