Law Essay Example | Topics and Well Written Essays - 1250 words

equity - Essay ExampleHowever the manner in which such transactions are to be handled oft depends on the laws of country A since it was the mother country and the constitution was laid out by twain of the both conflicting sides. Controversies will arise and this is why a compromise between the two sides has to be struck in order to settle the dispute amicably. b) Before the war, evoke A had granted a minelaying assignment to Dee Company for a 50-year period on land that is in a flash within the grime of State B. That concession still has 20 years to run. State B claims that it is no longer valid. The mining concession awarded by state A to Dee Company for a 50-year period on land that is now within the territory of State B is not valid after the secession. Although the concession still has 20 years to run, State Bs claims that it is no longer valid is justified. If Dee Company is interested to uphold mining on the territory of state B, then it has to sign a different conces sion with them. The two states then have to strike an agreement on how to compensate Dee Company for the remaining part of the concession since by virtue of stopping the mining, they will have violated the terms of the contract. The mining company should besides understand that the circumstance under which the contract was violated was beyond anybodys control and that its renewal is the me hope way forward. (c) Before the war, State X had concluded a treaty with State A in which State X granted State A most favored nation trade status. State B now claims that it is entitled to the same treatment. State B is not entitled to the most favored nation status awarded by state X to A since it may not be adequate to fulfill certain conditions of the status. Additionally, it is a new country and should start looking for trade partners and not rely on the contracts made by state A because they are now two different