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Int’l legal environment main concepts 1 absence of

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Unformatted text preview: INT’L LEGAL ENVIRONMENT: Main Concepts 1. Absence of a single, uniform, commercial law 2. Plurality of laws and legal systems Ex. Code Law, Common Law 3. Absence of a supranational court for the IB disputes 4. Difficulty in settling the jurisdiction 5. Legal resources 6. U.S. laws on international arena 7. Intellectual property rights LEGAL SYSTEMS Code Law (or Civil Law): written rules, formality, and bureaucracy Common Law: tradition, practices, legal precedents Islamic Law (or Muslim Law): religious basis Sot Law: Marx doctrine U.S. LAWS IN HOST COUNTRIES • U.S. laws VS. foreign laws • Foreign Corrupt Practices Act (FCPA) Large spectrum: direct and indirect subornation lubrication • 1988 amendment: agent’s fees, customary fees to speed up existing procedures INTELLECTUAL PROPERTY: Another Tough Issue Brand names, patents, trademarks Counterfeit trade, Pirate software, Pharmaceuticals Inadequate protection Registration on the international arena Use vs. Registration Definitions of Culture 1. “Culture is a learned way of being”.; 2. “Culture is the collective software of the mind”.; 3. “Culture reflects core values of individuals and are externed in the form of symbols and rituals”. 4. “Culture is a set of rules or standards shared by members of a society, which when acted upon by the members, produce behavior that falls within a range of variation the members consider proper and acceptable...
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INT’L LEGAL ENVIRONMENT Main Concepts 1 Absence of a...

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