Legal restrictions in International Business
Details: In an effort to expand its specialty chemical business into the growing markets in Asia and the People’s Republic of China, several board members made a goodwill trip to the People’s Republic of China to meet with foreign ministers and to pave the way for expansion into the marketplace. Each board member carried one of the company’s top-of-the-line, state-of-the-art laptop computers with the company’s trademark new processor. The Chinese ministers were so taken with the laptop that one of the board members, in a gesture of goodwill, offered his laptop to the Chinese minister as a token of that goodwill.
You learned of the goodwill gesture and now need to draft a memorandum for the board on the potential company exposure as a result of the gift of the new laptop to the Chinese minister.
Discuss the restrictions on certain types of technology that the United States has imposed in the name of National Security. Compare and contrast the international equivalents of these acts with the American prohibitions on technology transfers.
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