American multinational enterprise with its headquarters

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Reference no: EM1380683

Overseas, an American multinational enterprise with its headquarters in New York. After giving the minister of finance of state X a valuable piece of diamond, overseas entered in a joint venture with Twitter, state-owned company whose board of directors are chosen by the minister of finance of state X. The agreement between the two companies, which is approved and ratified by the above mentioned minister, provides that any conflict that would arise between the parties should be resolved by arbitration. Unfortunately, a dispute did arise between overseas and twitter. Should state X be a party of the arbitration? Can overseas held liable in-front of US courts?

Reference no: EM1380683

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