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During the semester, we have started every class with discussinga current event and analyzing it from a legal point of view.Finally, we discussed the business implications of such legalassessment and the steps a business-person could take to protectagainst the risks caused by these events. For instance, during theChapter on contracts, we discussed the implications of theCoronavirus. First, we discussed how the World Health Organizationcategorized it then as an epidemic. Then we discussed how thatcould be considered as an event rendering a contract impossible toperform (Force Majeure). Finally, we talked about the possible waysa business-person could reduce such risks (e.g., including suchprotection in the contract and purchasing the necessary insurancein advance).

For your class project, write a 1000-work paper following thesame approach and covering the following elements:

1. Pick a relevant and current event.

2. Describe how this event relates to one of the topics coveredduring the course (for instance, contracts, documentary sales,international transportation, World Trade Organization, publicinternational law, intellectual property, trade sanctions).

3. Conduct a legal assessment of such event applying theelements discussed in the relevant chapter.

4. Discuss the business implications of such event and whatsteps a business-person could take to reduce the risks presented bythe situation or benefit from it.