Explain the act of state doctrine
What will be an ideal response?
The act of state doctrine is a rule that restrains municipal courts in some countries from exercising jurisdiction over foreign states. This rule is most developed in the United States, where it is based on the U.S. constitutional requirement of separation of powers. That is, because the U.S. Constitution assigns to the executive branch of the government responsibility for the conduct of foreign affairs, the courts must decline to hear cases that might adversely affect the executive's conduct of those affairs.
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Indicate whether the statement is true or false
AFB Corp Declared a $1.00 dividend on January 5th, with an ex-dividend date of January 19th, a
record date of January 21st, and a payment date of March 15th. Doug purchased AFB stock on January 6th. Which of the following statements is MOST correct? A) Doug will not receive the dividend because he purchased the stock after the declaration date. B) Doug will receive the dividend if he still sells his stock on January 20th because he owned the stock on the ex-dividend date. C) Doug will receive the dividend if he still owns the stock on January 21st, even if he sells the stock before the payment date. D) Doug will not receive the dividend because he purchased the stock prior to the record date.