UConn BLAW 3175 - PPT chapter 8 (International Law)(1) (43 pages)

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PPT chapter 8 (International Law)(1)



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PPT chapter 8 (International Law)(1)

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Pages:
43
School:
University Of Connecticut
Course:
Blaw 3175 - Legal and Ethical Environment of Business

Unformatted text preview:

1 14 19 Dr Gerlinde Berger Walliser INTERNATIONAL LAW Chapter 8 1 1 14 19 Introduction Todays lecture Introduction What is International Business Law Why does International Business Law matter Legal Systems of the world International Courts International Trade Regulation Focus WTO International Sales Agreements Governing Law CISG Choice of Forum Language and Currency Letter of Credit International Trade Issues Repatriation of Profits Expropriation FCPA Extraterritoriality Dr Gerlinde Berger Walliser 2 1 14 19 Dr Gerlinde Berger Walliser INTRODUCTION What is International Business Law 3 4 What is International Business Law Defined The body of rules and norms that regulates activities carried on outside the legal boundaries of nations Three international relationships are governed by international law Those between nations and nations Those between nations and persons Those between persons and persons 1 14 19 Dr Gerlinde Berger Walliser Why does it matter Fundamental differences between the world legal systems Deals can cross borders quickly lack of awareness Long arm statutes leading to legal and ethical responsabilty abroad Trade regulations directly influence the profitability of business 5 6 Legal systems around the world WORLD LEGAL SYSTEMS Source http www droitcivil uottawa ca world legal systems eng monde html 7 Principal Differences Civil Law Written laws main legal source Codes Inquisitorial system No discovery No jury in most cases Common Law Jurisprudence main legal source Few codes Adversary system Discovery Jury trial 1 14 19 Dr Gerlinde Berger Walliser TRADE REGULATION Domestic rules 8 1 14 19 Trade Regulations What are trade regulations Export controls prohibit certain products from leaving the country for economic or safety reasons Import controls prohibit certain products from entering the country for economic or safety reasons Why do they exist Dr Gerlinde Berger Walliser 9 1 14 19 Dr Gerlinde Berger Walliser 10 The Purpose of Trade Regulations



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