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UncategorizedAugust 14, 20140 comments

International Commercial Law

Commercial agreements between companies, even related ones, are fraught with risk for a variety of reasons.  A dip in sales or a reduction in the workforce can lead a company to reevaluate its contractual obligations, and in some cases shirk them for illegitimate reasons.  These risks become magnified when the contracting parties are located in different countries.

The attorneys at Munger, Chadwick & Denker are highly experienced in international commercial law and routinely advise clients on cross-border transactions and other legal aspects of international commercial relations.

Recently, Munger, Chadwick & Denker represented an Australian subsidiary of a large multi-national corporation in a contract dispute.  The Australian subsidiary had entered into an exclusive distributorship relationship with the multi-national corporation wherein the corporation agreed to make certain payments to the Australian subsidiary.  As a result of the global economic crisis in 2008 and its declining financial situation, the corporation halted the agreed-upon payments without explanation.  Munger, Chadwick & Denker, assisted the Australian subsidiary in asserting a number of strategic legal claims in federal court against the corporation, and obtained a highly favorable settlement for the client.  In addition to obtaining a six-figure settlement, the settlement was negotiated in such a fashion as to permit the two parties to continue their economic relationship.