MGCR 382 Lecture Notes - Lecture 2: Lingua Franca, Nuclear Family, Nepotism
6 Dec 2013
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Explain how domestic law affects ability of firms to conduct international business. List ways firms can resolve international disputes. Variation of national legal systems is due to: Explicit legal systems: --> i. e. those that are clearly stated, leaving no room for doubt. Common law: found in common wealth countires - i. e. those of british heritage. Us, enlish parts of canada (i. e. everywhere but quebec- fucking french: inductive approach. Start with a case and look at various options available for judgement based on other previous cases of the same type: based on cumulative wisdom of judge"s decisions on individual cases. Statutory laws laws enforced or created by legislative nation i. e. in canada this would be laws created by the uk the ones each country follows varies. Civil law: found in continental europe and quebec first established in roman empire, but was spread over.
