Application of International Law By Dawn M. Engel Argosy University Business Law and Corporate Ethics Dan Adams May 28, 2014
In the United States, Calvin Coolidge signed the Federal Arbitration Act (FAA) into law in 1925, to be effective on January 1, 1926. (Wikipedia, 2014). “International commercial arbitration in Russia is governed by another statute: Law No. 5338-1 . . . It follows the UNCITRAL Model Law almost verbatim.” (Nikiforov, 2013). Both were “enacted to establish validity and enforcement of arbitration agreements”. (James, 2011). An arbitration agreement is then written to solve disputes later on. An arbitration agreement should include what law will govern the arbitration, where and when the arbitration will take…show more content… Third is the cultural dimension, a failure to understand a different culture can lead to big mistakes. (Kubasek, Brennan, & Browne, 2009) An example of this is when Walmart tried to open stores in Germany. As Walmart’s success is built on “streamlined distribution channels, high-volumes sales and low prices”, it did not fit well with German consumers, who tend to believe in “small and medium-sized retailers that know the ins and outs of the country's restricted business hours, intricate labor laws and multi-layered distribution systems.” As Germans are less price sensitive than North Americans are, they might also question the quality of items with discounted prices. (Gallant, 2012). Last is the legal dimension, when doing business with a foreign country, one should learn what legal system they are using. “The major families of law are common law, which relies primarily on case law and precedent; civil law, which relies primarily on codes and statutory law; Islamic law, which relies on the Shari’a, a religious code of rules; socialist law, which is based on Marxism–Leninism and does not recognize private property; and Hindu law, which relies primarily on the Sastras, a religious code.” (Kubasek, Brennan, & Browne, 2009). One should also be aware of the risks in international business. These include: (1) Expropriation of private property by the host foreign nation, this is the taking of private property by a host-country government either for political
Related Documents: Essay on Application of International Law
convention on the international sale of goods 1980 • International sale contract should include a choice of law clause- which is a clause stipulating the law applicable to the contract, such as English law. • In the event of a dispute to agree on a clause, the forum applies its private international rules to determine the law applicable to the contract • One way to tackle this uncertainty is to harmonize the law relating to international sales in the form of an international convention for the…
INTELLECTUAL PROPERTY LAW ASSIGNMENT SUBJECT: IMPORTANCE OF INTELLECTUAL PROPERTY LAW IN BIOTECHNOLOGY SECTOR SUBMITTED BY: NAME: RIYA RAO ROLL NO.: 2034 PRN NO.: 13020621194 CLASS: SY-A BATCH: 2013-16 What is biotechnology? Biotechnology is the use of living systems and organisms to develop or make useful products, or "any technological application that uses biological systems, living organisms or derivatives thereof…
An Introduction to Management Science: Quantitative Approaches to Decision Making Anderson 12 International Analysis for Financial Management Higgins 9 Anatomy & Physiology The Unity of Form and Function Saladin 5 Anatomy & Physiology with IP 9-System Suite Martini 1 Intermediate Accounting Kieso 15th Edition Test Bank Intermediate Accounting Kieso 15th Edition Test Bank Anderson's Business Law and the Legal…
International Legal Issues LAW/421 February 20, 2013 Danny Richey International Legal Issues International trade and business in general has become more important in today’s economy than in past years, and with it the international disputes and legal issues have also grown. When a company does business with another country and there is a dispute, the parties involved would have needed to add to their contracts: which law would be used and which court had jurisdiction. When…
coasts may be effect unilaterally by one of those States, hence maritime delimitation is international by nature’. Question is of course whether England did this in 1999 or not. Article 83 (1) of the United Nation Convention of Law of the Sea (hereafter LOSC) states that delimitation as explained above will be effected by agreement of the basis of international law, as referred…
GotScholarship Give Away - A Summer Special Opportunity 2. https://www.gotchosen.com/en/scholarship “This scholarship is easy and free to enter and the shortest period for application. The winner is selected by a random drawing. There are no GPA, financial need or essay requirements. Open to all fields of study for US, international students, and alumni, the US $20,000 must be used for “educational expenses”, this includes: tuition, fees, books, supplies, equipment required for study, contribution to…
Additional Requirements for International, Visiting and Veteran Students The following provides additional information specific for International, Visiting (non-degree seeking), and Veteran Students. This information and these procedures are part of the admissions process for the MA and Certificate programs in Faith & Culture. Please refer to the Application Process section of the website for a list of all basic requirements for application. International Students: 1. International students whose second…
CURRENT DEVELOPMENTS PUBLIC INTERNATIONAL LAW Edited by Dominic McGoldrick and Sarah Williams SELLING THE PASS: HABEAS CORPUS, DIPLOMATIC RELATIONS AND THE PROTECTION OF LIBERTY AND SECURITY OF PERSONS DETAINED ABROAD Abstract On 31 October 2012 the Supreme Court of England and Wales handed down its judgment in Rahmatullah v Secretary of State for Foreign Affairs and Secretary of State for Defence [2012] UKSC 48. The case concerns an application for habeas corpus brought by a citizen of Pakistan originally…
Dear all, If u need anything from the list, do contact us anytime, we provide competitive prices and fast delivery after payment done. We are assisting students by providing them quality services regarding Solutions and Test Bank for courses. We hope that you people will like our service and get better grades. Please Contact us @ : solvedanswers@gmail.com solvedanswers@gmail.com Use CTRL + F to search the titles you looking for , if the title you searching is not in the list, do not…
and Napier (2002) define comparative international accounting history? ANS: The author defines comparative international accounting history as “the transnational study of the advent, development and influence of accounting bodies, conventions, ideas, practices and rules” (B) What are the aims of comparative international accounting history? ANS: The aims of comparative international accounting history are; * The comparative international accounting history (CIAH) amplifies…