Lecture6 - Multinational Laws - WTO etc. Laws You MUST Know...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
International Law Types of Legal Systems Common Law Law by precedent Common in English influenced countries Judge create laws through interpretation Very expensive – lots of lawyers Allows innovation Keeps people guessing Civil Law Codification of law Common in French influenced countries Judges apply existing codes Easy to know what the law is Innovation requires changes to law first Tends to slow the economy Religious Law Law based on religious standards Common in Middle East Religious system is ultimate judges Hard to know how actions will be interpreted Indigenous Law Law by “Elders” Lacks consistency Very open to interpretation and influence Against innovation Bureaucratic Law Decisions made by bureaucratic departments Can give contradictory answers
Background image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
Encourages bribery Completely stifles innovation Types of International Laws Bilateral - 2 nation agreement Regional Laws - NAFTA, EU etc.
Background image of page 2
Background image of page 3
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Multinational Laws - WTO etc. Laws You MUST Know Ownership How much are you allowed to own? In what industries? What form can that ownership take? Taxes Does the nation favour or punish FDI? What method of taxing used? Value added? Income? Individual or Company? Form of Tariffs? What industries encouraged? Personnel and Labor Laws Unionization laws Mandatory benefits and wages Equal opportunity laws Worker safety Antitrust Laws Who are you allowed to associate with? What % of market can you hold? Property Protection Quality of patent, trademark protection Bribery Laws Is bribery customary? Foreign Corrupt Practices Act Marketing Restrictions Product type restrictions Restrictions on types of promotion Price controls Distribution channel limitations Environmental control laws Technology transfer laws Import/Export restrictions...
View Full Document

This note was uploaded on 05/10/2010 for the course GEB 3375 taught by Professor Sweo during the Spring '08 term at University of Central Florida.

Page1 / 3

Lecture6 - Multinational Laws - WTO etc. Laws You MUST Know...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online