Instruction
Answer the questions below, typed, in proper English, with proper sentence structure. Submit your paper by email to the Assignment List in your student portal before the start of the week 4 class. There is no minimum word requirement; however, every response must be fully explained, be thorough, show critical thinking abilities, and show understanding of the legal and ethical issues in this scenario.
Chapter 2
Venezuela had nationalized the stock in the American company, Greed Inc in 2002. Greed in turn owned slightly more than half of the stock of Avarice, a Canadian company. The shareholders of Greed who had had their shares nationalized formed a syndicate, Money, and Money then brought suit in Canada to claim that it (rather than Greed) should be made the owner of the half interest in of Avarice. Money argued that to do otherwise was to wrongfully give extraterritorial effect to a Venezuelan nationalization decree.
1. Was the nationalization decree expropriatory or discriminatory?
2. Is a foreign nationalization decree illegal if it has extraterritorial effects?