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| Topic: |
Business
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| Number of pages / Number of words: |
7 / 1718 |
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The district court granted this motion and dismissed the lawsuit. UCC was given certain conditions. They had to agree to the jurisdiction of the Indian courts and accept their judgement. According to US standards, the settlement in a case like this would have been about $5 billion, this size of a settlement would surely have lead to a bankruptcy...
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When the case was brought up in the Indian court, the UOI lodged a $US 3.3 billion claim against UCC. In 1989, they came to an agreement on $470 million in settlement.
Given these facts about what happened in this case, this paper will consider three important factors that need to be evaluated when analyzing if this case was handled in an appropriate manner...
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