BUL3130 Chapter Notes - Chapter 46: Force Majeure, Language Barrier, Independent Agencies Of The United States Government
Document Summary
The legal environment of business chapter 46 international business law: 46. 1 the international environment. International law the conduct and relations between nation-states and international organizations and their relations with persons. I(cid:374)te(cid:396)(cid:374)atio(cid:374)al (cid:272)ou(cid:396)ts do(cid:374)"t ha(cid:448)e the (cid:272)o(cid:373)pulso(cid:396)y ju(cid:396)isdi(cid:272)tio(cid:374) to (cid:396)esol(cid:448)e disputes: autho(cid:396)ity to (cid:396)esol(cid:448)e if pa(cid:396)ties to the dispute a(cid:272)(cid:272)ept the (cid:272)ou(cid:396)t"s jurisdiction over the matter. If a sovereign nation adopts international law, must enforce as if domestic law. International court of justice (icj) the judiciary branch of the un: consists of 15 judges, all from different nations, elected for 9-year terms by majority of un general assembly and un security council. Icj has an advisory jurisdiction: regional trade communities, regional trade communities (ex. Labor across national borders generates policy questions involving the employment needs of local workers: must follow own country immigration policies and regulations, flow of capital, multinational business need to transfer funds to, receive, operations in other countries. Limit amount of equity and amount of foreign investors.
