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International Business Law: Introduction to Globalization and Legal Frameworks, Summaries of International Law

Tay Nguyen University (TNU)International Law

About international business, regarding common laws, civil laws, some regulations on international business laws. Growth in market share, Political, Technologies, Raw materials, Limited home markets, High cost of transportations.

Typology: Summaries

2021/2022

Uploaded on 11/21/2023

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COURSE: INTERNATIONAL BUSINESS LAW
TEXTBOOK: INTERNATIONAL BUSINESS LAW AND ITS ENVIRONMENT
Meeting 1
- What is international business?
- What is globalization
- What is import – export
- Drivers of IB: higher rate of profits
+ Growth in marketshare, Political, Technologies, Raw materials, Limited home markets, High
cost of transportations
CHAPTER 1:
International business law
1. Rules governing international sale of goods: key transactions
- exchange of goods among different countries through import and export
International service provision
International investment: FDI
Article 27 of the Commercial Law of VN: export/ import
Border gates
Territory of a countries
Religon, policy, law, culture (barriers), conflicts
Customers: preferences/tastes
Cause specific legal issues: international payments/money transfer
2. Regulations of international sale of goods
- 3 main sources: domestic law, international treaties, international mercantile customs and
wages
+ domestic law: sale contracts
Commercial law
A ship encounters a storm when traveling to another country
=> insurance company
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COURSE: INTERNATIONAL BUSINESS LAW

TEXTBOOK: INTERNATIONAL BUSINESS LAW AND ITS ENVIRONMENT

Meeting 1

  • What is international business?
  • What is globalization
  • What is import – export
  • Drivers of IB: higher rate of profits
  • Growth in marketshare, Political, Technologies, Raw materials, Limited home markets, High cost of transportations CHAPTER 1: International business law
  1. Rules governing international sale of goods: key transactions
  • exchange of goods among different countries through import and export International service provision International investment: FDI Article 27 of the Commercial Law of VN: export/ import Border gates Territory of a countries Religon, policy, law, culture (barriers), conflicts Customers: preferences/tastes Cause specific legal issues: international payments/money transfer
  1. Regulations of international sale of goods
  • 3 main sources: domestic law, international treaties, international mercantile customs and wages
  • domestic law: sale contracts Commercial law A ship encounters a storm when traveling to another country => insurance company

International nature > national laws of the parties Different rules on the same issues Contract form/content of the contract ++ conflicts of laws on contract forms comprise: different rules Written form / verbal form / specific way ++ to agree to choose a national applied to their contract Domestic laws – international treaties An international treaty states the freedom of the choice of law applied to international business contracts Rules of conflicts: do not directly define rights, obligations, refers to an applicable law that is for a certain transaction (to a third party to resolve the conflicts)

  • International treaties Conflicts = > disputes in international sale of goods How to win the conflicts? Negotiate the adoption=> unify the rules aiming at governing 2 types of such international treaties:
  • unify the substantive rules occur when countries agree to create the substantive rules in order to govern the international sale of goods
  • unify the rules of conflicts may differ among countries Procedural law (luật thủ tục consists of the set of rules that govern the proceedings of the court in criminal lawsuits as well as civil and administrative proceedings. The court needs to conform to the standards setup by procedural law, while during the proceedings. These rules ensure fair practice and consistency in the “due process”. Substantive law (luật nội dung) is a statutory law that deals with the legal relationship between people or the people and the state. Therefore, substantive law defines the rights and duties of the people, but procedural law lays down the rules with the help of which they are enforced. The differences between the two need to be studied in greater detail, for better understanding. Conflicts of rules of conflicts: ex. If you apply the rule the conflicts, A certain conflict brought in the national court of the state A with A’ rules of conflicts State B’s rule of conflicts

3. VIETNAMESE RULES GOVERNING INTERNATIONAL SALE CONTRACT: DŨNG,

TÚ

  1. international mercantile customs and wages: ĐỌC TÀI LIỆU
  2. Learn about letter of credit
  3. INCOTERMS 2010 Summary: 1/ Greetings 2/ IB concept: meaning buying and selling goods and services, investment across borders Governments or private enterprises Expand business activities: manufacturing, mining, construction/ banking/ education / Long research : geographical, political -> primary determinant of international trade Globalization: world flat Opportunities and threats : define global trade of FDI: horizontal and vertical 3/ Drivers of IB: benefits SCOPE OF IB: much broader, marketing, management of HR, IMF / WORLD BANK / IFC / IDA INTERNATIONAL MANAGEMENT OF LOGISTICS, DOMESTIC VS INTL BUSINESS IMPORTANCE OF LEGAL SYSTEM CONCLUSION: IB, LEGAL FRAMWORK, MOST INTERNATIONAL TRANSACTIONS Xử lý bài tập meeting 1
  4. UNIDROIT 2010 (PICC)

3. VIETNAMESE RULES GOVERNING INTERNATIONAL SALE CONTRACT: DŨNG,

TÚ

  1. international mercantile customs and wages: ĐỌC TÀI LIỆU
  2. Learn about letter of credit
  3. INCOTERMS 2010