Chapter 11 & 12 .docx - Chelsea Lewis LGLS – Business...

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Chelsea Lewis LGLS – Business November 8, 2018 Chapter 11: International Law Background/History : Throughout the ages, a code developed for the relations between nations. Even when Nations were at war, envoys were often considered immune to violence. The first formal attempt to establish international law stems from the Renaissance in Europe. In the middle ages, it was considered the obligation of the church to mediate international disputes. A French monk in the 16 th century came up with the idea of having representatives of all countries meet in one place to discuss their conflict to avoid war – that place was Venice, it was the major hub of commerce because it was surrounded by water. After World War I, the nations of the world formed the League of Nations in efforts to prevent another world war, Woodrow Wilson’s idea. The United States did not join because of the fighting in Congress. 50 nations agreed to join and met in San Francisco. Now, United Nations came into existence setting up a basis for much of the international law that we know today, meets in New York, every country has a representative. Most large corporations do business outside of their home country and one half of their net profits come from international transactions. There are all sorts of hoops a company has to jump through if they want to do business in another country because they want to protect their own economy. Exporting is a privilege, not a right, and the company needs a license.
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