Cartels, Subsidiaries, and International Law
Question # 00795222
Posted By:
Updated on: 02/22/2021 10:13 AM Due on: 02/22/2021
Cartels, Subsidiaries, and International Law
Company X, a US company sets up Company Y, a subsidiary holding company in the Cayman Islands.
Company Y in the Cayman Islands entered into a cartel agreement outside of the US.
The United States government has brought suit against bother company X and Y for violating the US Sherman Antitrust Act.
Company X answered that it was not a party of the cartel agreement and it doesn't affect the US market. Company Y answered that it is not subject to the jurisdiction of the US courts.
1. Are Company's X and Y correct?
2. Explain
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Rating:
/5
Solution: Cartels, Subsidiaries, and International Law