Question 1 5 marks Define and distinguish between domestic law, public, private international business law and explain their interaction. Question 2 5 Marks Provide an account of what riba is and why it is prohibited by Islamic law. Question 3 20 Marks Find the following judgment, Hebei Jikai Industrial Group Co Ltd v Martin [2015] FCA 228, and answer the following questions: (a) Provide an account of the parties in this case and what relief if any is sought by them. (5 marks) (b) What was the primary, basic legal issue in contention between the parties, what were the relevant legal principles relied upon by the Court? (10 marks) (c) What orders were made? (5 marks) Question 4 20 Marks Bell Ltd is a leading Queensland importer and distributor of mining equipment who wishes to import a US$2,000,000 excavator. They communicate with a US company, based in Alabama, who, subsequently supplies the excavators. Bell seeks your advice as an adviser on the following key legal aspects of its proposed purchase. The Alabama based company utilises a standard form contract 2 based on US law, with no arbitration clause, but is amenable to negotiation on key legal issues in exchange for Bell making payment in full, prior to shipment. (a) Choice of law issues, Australia or US - what US law would by default govern the sales contract if the standard form US contract was relied upon and is it possible under the relevant US law to select CISG for the law of the contract? (10 marks) (b) The merits of a compulsory arbitration clause and if arbitration was to be US based, what arbitration law would apply and what arbitration bodies are available. (5 marks) (c) Alternatively, assuming the parties selected Queensland law, CISG and either the Queensland courts or arbitration to settle contract disputes, discuss and appraise, how a Queensland court judgment or Queensland arbitration award would be recognised and enforced under the US legal system