Dispute Resolution

 Arbitration
 Not going to test what are the advantages and disadvantages of arbitration BUT in a
very indirect manner
 Is litigation better or arbitration
 Apply by reference of what you know

Should local courts intervene in International Arbitrations? To what extent (if at all) should they
do so?

Lecture 2/3 on Strategic Relationship

 Licensing agreement, agency

 Joint Venture (Today’s quite important)
 Foreigner and Singapore, what set up
o What terms within relationship- franchising, licensing
o Clauses on
 Controlling franchising
 Franchises want more freedom and less resistance
o Not choice of law; Arbitration
 You are an employee of Ace Music School in Singapore. Your company wishes to grant
a franchise to an operator in Vietnam. You have been asked to draft the key terms of a
franchise agreement that Ace Music School would require of its potential franchise.
 Required: Set out and discuss the important issues and provisions that you would like to
see incorporated into the franchise agreement. You should explain fully why the issues
and provisions highlighted by you are considered important, and what would the
consequence be if the provision is not incorporated into the joint venture agreement.
(25marks)
 When negotiating a joint venture agreement as a minority partner, set out and discuss
the important issues and provisions that you would like to see incorporated into the joint
venture agreement. You should explain fully why the issues and provisions highlighted
by you are considered important, and what would the consequence be if the provision
are not incorporated into the joint venture agreement. (25marks)

Transportation (Biggest segment of transports international)

 Shipping documents
 Importance of bill of lading
 Have everyone read up?
 Discuss the importance of Bills of Ladings in international trade, and how commonly
relate to Letters of Credit. (25marks)