INTERNATIONAL TRADE AND BUSINESS LAW

FINAL EXAMINATION

(Code 4)

Question 1 (International Trade Law module) (4 points)

The Chinese government signed a funding agreement with Company X (China's largest
state-owned enterprise specializing in manufacturing steel), according to which the
former would provide the later with 100 million USD. This amount would be disbursed
in three installments. The first 20 million USD was disbursed immediately after the
conclusion of the agreement. The second and third disbursement, 40 million USD each,
would be disbursed upon receiving Company X’s annual export results. The steel
produced by Company X are exported to Vietnam, where their competitive price causes
serious damage to the country’s steel industry.

Vietnam's steel industry consists of the following four manufacturers:

- Company A, which accounts for 30% of domestic products

- Company B, which accounts for 35% of domestic products

- Company C, which accounts for 25% of domestic products

- Company D, which accounts for 10% of domestic products

Among these manufactures, Company A urges Vietnam’s competent authority to initiate

an anti-subsidy lawsuit against Company X’s products. Company C and Company D

do not support this lawsuit, while Company B gives no opinion.

Question:

1. Is the sum granted by the Chinese government to Company X considered a subsidy

under the SCM agreement? If so, what kind of subsidy is it? (2 points)

2. Assuming that the sum is considered a subsidy. Would Vietnam’s competent authority
accept the application of Company A and initiate a lawsuit against Company X’s
products ? (2 points)

Question 2 (International Business Law module) (6 points)

Comment on the principle of autonomy of the letter of credit in UCP 600. Analyze one
case in which the principle of autonomy of the letter of credit (L/C) in UCP 600 was
applied.

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Requirements on Submission:

- Formality Requirements: The maximum number of pages is 4 (excluding the reference

list and appendices if any). Font size: 13-14. Line spacing: 1.3. Margins: left 3cm, right
2 cm, top 2 cm, bottom 2cm.

- Due date : 13:30. June 26, 2021 (students wil have 72 hours and 30 minutes to do and
submit assignments)

- Regulations on disciplining students who violate rules: according to University's

Regulation No.2626.

- Naming file for submitting assignments on Microsoft Teams:

Course – Class (Lecture) – Student’s Full Name - Student ID

E.g.: LDS1-CNBB08M-2-20-N11-NguyenVanDung-441234

Wherein

- LDS1: Course

- CNBB08M-2-20-N11: Class (Lecture)

- NguyenVanDung: Student’s Ful Name

- 441234: Student ID.

- Submission: under the guidance of IT Center.

- In case students cannot submit the assignments due to errors of Microsoft Team system,
it is necessary to contact with the IT Center or send email to address of the Discipline:
gqtctmqt2013@yahoo.com.vn. Students are advised to submit assignment earlier than the
due date. Late submission wil result in grade “0”.

- On June 27, 2021, the Discipline wil acknowledge receipt of assignments submitted in
the same class on the Microsoft Team system where the questions were assigned (the
seminar class).