International Business Transactions

Comity

Comity
?    Recognition which one action extends w/in its own territory to the legislative, exec, or judicial acts of another.  It's not a rule of law, but one of practice, convenience, and expediency. More than courtesy, less than obligation
?    Show due regard for another state's expression of understanding for international duty
?    BUT it's limited.  Comity will be withheld when it would be prejudicial to an interest of the U.S. (e.g. if it would violated 1st amendment)
?    Equity principle (Criticized for being a conclusion not a principle)
?    Somporex- Ct recognized UK judgment por comity

Reasons for Comity
?    Reciprocity, justice, reasonable expectation of the businesses, stability, efficiency, inconsistent judgments

Choice of Law

Steps to take in a conflict (is this order right?)
?    1. Is there a conflict between the choices of law?  Is there an actual conflict?
o    Look at the two laws to see if they conflict
?    2. Choice of law rule
o    use the forum's procedural choice of law rule to determine what choice of law rule is used
o    In NY, they use the greatest interest analysis- who has the greatest interest in the case (very fact specific). Other types are: apply the forum where the case is, P's nationality, forum where the breach occurred
?    3. Decide whose law applies

Karaha- Indonesian oil drilling co. NY ct still does the interest analysis. Indo vs. NY interests

Bills of Lading and INCOTERMS

Bill of Lading
?    Document of title- Whoever ho ...
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