Every answer and its explanation appears here once you have finished the path. Each one then links to the matching glossary entry, where the concept is set out in full with its worked example.
1. An agreement contains a general waiver of sovereign immunity. The exporter obtains a judgment and attempts enforcement. What does it discover?
That immunity has two levels, jurisdiction and enforcement, and waiving the first is not waiving the second: it has won the right to litigate
The two waivers must be stipulated separately and expressly, and an exporter that negotiated a general clause believes itself protected while having won a right whose value in this context is near zero. The answer declaring the waiver void is instructive because it errs strongly in the right direction: enforcement immunity can be waived, it simply is not waived by omission. And nothing requires a third state's consent, which would move a drafting problem to an administrative authorization that does not exist. The point to retain is not legal but budgetary: obtaining a decision and obtaining payment are two distinct operations, and the second often fails where the first succeeded.
Glossary entry · immunite-souveraine2. The waiver is complete and express on both levels. What remains out of reach anyway?
Property devoted to sovereign use, diplomatic missions, military assets, central bank holdings, in most legal orders and whatever the stipulations
What remains attachable is narrow: the state's commercial claims on foreign buyers, accounts devoted to trading activity, aircraft or cargo caught outside the territory. That narrowness is why practitioners reason in asset location rather than legal ground, and the useful question is not whether one is right but where there is something to take. The answer making everything attachable is what the word complete suggests, and that is exactly what the module corrects: a stipulation does not undo an immunity the legal order of the place of enforcement maintains. The location and date answers invent plausible boundaries where the dividing line is the property's use.
Glossary entry · expropriation-nationalisation3. Why does international trade prefer arbitration to a local state court, and where does that gain stop?
Because an award travels better than a judgment, a widely ratified treaty organizing its recognition; but it is still enforced against assets, in a cooperative country
The gain is real and one has to see where it stops: the seat of arbitration only matters once the asset question has been answered. The answer having arbitration set aside immunity is the most seductive and the most wrong: enforcement immunity blocks attachment whatever the title, award or judgment, and believing otherwise spends years of procedure on a dead end known in advance. Arbitrators' expertise and speed are real and secondary advantages, and speed is in any case debatable in international arbitration. What decides is how the title travels, and that does not dispense with finding something to seize.
Glossary entry · base-reclamation4. The policy requires recovery steps. The country offers no useful remedy. What has to be done, and when does one stop?
Establishing that the remedy is illusory, which is itself evidence: local advice on unenforceability, an inventory of locatable assets, a record of failed attempts; and agreeing in advance with the insurer where to stop
The misunderstanding is common: the insured understands it must obtain a judgment, and that is not what the clause asks. Two years of proceedings whose outcome is written in advance are worth less than a file documenting the dead end, and pursuing beyond that is no longer diligence but spending. The answer giving up at once makes the symmetrical and costliest error, since notoriety is not proof and an insurer will then raise the absence of steps taken. The one pursuing to exhaustion reads the clause as a ceiling when it states a standard of reasonableness. Where recovery stops being diligence is agreed with the insurer BEFORE the money is spent, and it arrives earlier than hope suggests.
Glossary entry · subrogation5. The module asks for the usual order of questions to be inverted before signing. What is the right order?
Looking first for where attachable assets are and under what regime, then choosing the dispute mechanism that reaches them
Security comes from the structure and not from the clause: a bank instrument confirmed by an institution in a third country, an escrow account funded outside the territory, an undertaking from a group entity holding reachable assets. None of these depends on trusting a judicial system, and that is their purpose. An impeccable jurisdiction clause negotiated at the end of discussions never makes up for their absence. Starting by negotiating the waivers is the subtlest of the errors offered: they are necessary against a public entity and useless if nothing is attachable, which places them after the asset question. And the guaranteed amount measures the stake, not the feasibility.
Glossary entry · risque-politique