We think you have liked this presentation. If you wish to download it, please recommend it to your friends in any social system. Share buttons are a little bit lower. Thank you!
Presentation is loading. Please wait.
Published byMilton Blake
Modified over 7 years ago
Prentice Hall © 20071 PowerPoint Slides to accompany The Legal Environment of Business and Online Commerce 5E, by Henry R. Cheeseman Chapter 5 International and World Trade Law
Prentice Hall © 20072 International Law International law is law that governs affairs between nations and that regulates transactions between individuals and businesses of different countries.
Prentice Hall © 20073 Features of International Law No single legislative source No single world court to interpret No world executive branch to enforce
Prentice Hall © 20074 United States and Foreign Affairs Foreign Commerce Clause Vests Congress with the power “to regulate commerce with foreign nations” Treaty Clause States that the President “shall have power, by and with the advice and consent of the Senate, to make treaties, provided two-thirds of the senators present concur”
Prentice Hall © 20075 Sources of International Law Treaties and conventions Agreements or contracts between two or more nations that are formally signed by an authorized representative and ratified by the supreme power of each nation Custom Consistent, recurring practices between two or more nations over a period of time that have become recognized as binding
Prentice Hall © 20076 Sources of International Law General principles of law Principles of law recognized by civilized persons Judicial decisions and teachings Judicial decisions and writings of the most qualified legal scholars of the various nations involved in a dispute
Prentice Hall © 20077 United Nations An international organization created by a multilateral treaty in 1945
Prentice Hall © 20078 U. N. Structure Governed by: The Security Council Composed of 15 member nations The General Assembly Composed of all member nations The Secretariat Administers day-to-day operations The World Court Judicial branch of the U.N.
Prentice Hall © 20079 U. N. Agencies International Monetary Fund (IMF) World Bank Financed by developed countries Provides funding to developing countries for projects and humanitarian aid
Prentice Hall © 200710 Regional International Organizations European Union Opens borders for trade among member nations Eliminates customs duties among member nations North American Free Trade Agreement (NFTA) Removes or reduces trade barriers between U.S., Mexico, and Canada
Prentice Hall © 200711 Regional International Organizations Latin, Central, and South American Economic Communities Asian Economic Communities African Economic Communities Middle Eastern Economic Communities
Prentice Hall © 200712 World Trade Organization (WTO) Created by General Agreement of Tariffs and Trade (GAFF) WTO dispute resolution Adopted a “judicial” mode 3-member panel hears a dispute and issues a panel report. Report is referred to the dispute settlement body of the WTO. An appellate body hears appeals. WTO can order sanctions for noncompliance.
Prentice Hall © 200713 National Courts Most international trade disputes are heard by national courts of individual nations. Jurisdiction may be determined by terms of the contract between parties.
Prentice Hall © 200714 Judicial Procedure Forum selection Designates the judicial or arbitral forum that will hear and decide the case Choice of law Designates the law to be applied by the court or arbitrator in deciding the case
Prentice Hall © 200715 Act of State Doctrine Act of state doctrine An act of a government in its own country is not subject to suit in another country’s courts.
Prentice Hall © 200716 Sovereign Immunity Doctrine Sovereign immunity Act of a government in a foreign country is not subject to suit in the foreign country. Foreign Sovereign Immunities Act (FSIA) of 1976 A foreign country is not immune from suits in the U.S. if the suit is based on commercial activity in the U.S. or directly affecting the U.S.
Prentice Hall © 200717 International Arbitration Nonjudicial method of dispute resolution where a neutral third party decides the case Parties agree to be bound by the arbitrator’s decision.
Prentice Hall © 200718 International Law Based on Religious Codes Jewish Law and the Torah Islamic Law and the Koran Hindu Law and Dharmasastra
Chapter 8 International and Comparative Law
International Law Types of law systems –Common law –Code law –Islamic law –Communism Definition: –Treaties, customs, recognized principles when one country.
Introduction to public international law
Basic notions and sources of law
Comprehensive Volume, 18 th Edition Chapter 7: The Legal Environment of International Trade.
Advanced Research & Writing Seminar -- IP Researching Treaties and Select International Cases Feb. 6, 2008.
1Prentice Hall © 2005 PowerPoint Slides to accompany THE LEGAL ENVIRONMENT OF BUSINESS AND ONLINE COMMERCE 4E, by Henry R. Cheeseman Chapter 1 Nature of.
Chapter 1 Legal Heritage and Critical Legal Thinking
INTERNATIONAL COMMERCIAL DISPUTE RESOLUTION Introduction –Litigation Process –Alternatives to Transnational Litigation –Settlement or Trial –Enforcement.
Chapter McGraw-Hill/Irwin Copyright © 2005 by The McGraw-Hill Companies, Inc. All rights reserved. 18 International Law.
THE LEGAL ENVIRONMENT OF BUSINESS © 2006 Prentice Hall Ch. 9-1 THE LEGAL ENVIRONMENT OF BUSINESS A Critical Thinking Approach Fourth Edition Nancy K. Kubasek.
Chapter 54 International and World Trade Law
Slides developed by Les Wiletzky Wiletzky and Associates Copyright © 2006 by Pearson Prentice-Hall. All rights reserved. International and Comparative.
Copyright © 2008 by West Legal Studies in Business A Division of Thomson Learning Chapter 7 The Legal Environment of International Trade Twomey Jennings.
INTERNATIONAL LAW different types of information: different types of information: laws, cases and regulations, guides or overviews, policy studies, conventions,
Chapter 27 International Law in a Global Economy
25-1 Chapter 1 Legal Heritage and the Digital Age.
© 2011 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license.
© 2010 Pearson Education, Inc., publishing as Prentice-Hall 1 INTERNATIONAL AND WORLD TRADE LAW © 2010 Pearson Education, Inc., publishing as Prentice-Hall.
Copyright ©2006 by West Legal Studies in Business A Division of Thomson Learning Chapter 7 International Law Its Legal, Ethical, and Global Environment.
© 2022 SlidePlayer.com Inc. All rights reserved.