7 Flashcards

1
Q

national vs international law

A

national:
gov authorities can enforce the laws

International:
doesn’t have one nation responsible, makes enforcement more complicated. If nation violates international law, other nations may be forced to take action against them

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2
Q

Sources of International Law

A
  1. International customs
    2.Treaties and international agreement( international contracts)
    3.General principles
    4.International organizations (learned scholars)
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2
Q

what are international customs and what do they require?

A

-requires practice (common actions)
-opinio juris (proves they are acting that way because they feel obligated)

“check how countries treat refugees,if they act the same way,practice requirement is met”
possible consequence: binding on all countries

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3
Q

comparative law is ______

A

the study of the national laws of various nations. “comparing/contrast various countries, how are the various world laws handled?”

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4
Q

What are international organizations composed of

A

representatives from member nations, usually established by treaty. Usually just advisory though

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5
Q

What are the International Principles of Doctrines

A
  1. The principle of comity
  2. The act of state doctrine
    3.The doctrine of sovereign immunity
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6
Q

Whats The principle of comity

A

-widely accepted
-one nation defers to the laws of another nation,as long as laws are consistent with the laws and public policy of other nations

“nations are sovereign, leave other countries alone to govern themselves”
“wont get involved unless theres a reason(human rights)”
“the US would prefer if they follow their law, wont get involved of laws of other nations(statement)”

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7
Q

What’s The act of state doctrine, why can it be relevant to businesses?

A

-a country can’t interfere with another nations acts since it’s from said nation’s territory
-the judicial branch of one country will not examine the public acts of another foreign gov within its own territory
- is important for businesses in foreign countries in determining whether property was confiscated or expropriated

“relevant if country confiscates business assets,foreign companies that set operations outside home country,military of home country can take over.If the gov did it over their own territory,company cant do anything”

confiscation v expropriation

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8
Q

Whats the doctrine of sovereign immunity?

A

-1976 Foreign Sovereign Immunities Act (FSIA)
-Immunizes foreign nations from the jurisdiction of the US courts
-also a US statute

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9
Q

A foreign nation isn’t immune from jurisdiction in the following situations (under The doctrine of sovereign immunity):

A
  1. foreign nation waives its immunity,either explictly or by implication
    2.foreign nation has engaged in commercial activity in the US or outside the US that has a direct effect on the US
  2. foreign nation has committed a tort in the US or has violated certain international laws (universal jurisdiction: came out of WW2, ex: if Nazi official is found,any country gets them)

“dont get involved in laws and affairs of other countries”

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10
Q

International Tort Claims,what do they contrast (US laws in global context)

A

Alien Tort Claims Act (ATCA) allows foreign citizens to bring their issues to US courts for being violated of their international law or a treaty of the US (hasnt been used in the past 15 years,few circumstances)

“US statute, they contrast doctrines and say to get involved.made US court a protector for those who need it”

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11
Q

Civil Dispute Resolution

A

-international contracts typically use arbitration to resolve disputes

“alternative to court,call witnesses”
“98% get enforced by home nations”

-nations should recognize and enforce awards made in other countries (and frequently do)

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12
Q

Direct vs Indirect Exporting

A

direct: a US company contracts with a foreign purchaser for the sale of goods

“not within US,no middle man,reduced costs,most who use it have knowledge abt buying countries and their laws/rules/taxes”

Indirect: Using a specialized marketer within a foreign country to act as a foreign agent or distributor

“US hires a marketer to act as their agent, if a country is new to this indirect exporting is recommended”

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13
Q

What are Export controls

A

-rules in place to minimize exporting
-Congress sets quotas on certain items(medicine,tech)
-some goods recieve subsidies and incentives to encourage exports

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14
Q

What is and why Manufacture Abroad

A

-build your own manufacturing plant

why:
-done to decrease costs
-many countries guarantee that businesses will be compensated if their property is taken (expropriation vs confiscation)

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15
Q

What can US companies do when manufacturing abroad

A

-license foreign representatives to produce its goods
“ex: foxconn produces apple/samsung products, have to pay,lose their trade secrets”

-companies can also set up a subsidiary in the foreign country
“subsidiary:set up a smaller company owned by US company but that’s set in foreign area “

-companies can enter into a joint venture
“2 seperate companies get together to co own 3rd company as each have strengths in dif areas,in centives are equally aligned,get paid either way”

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16
Q

What are some Import Controls

A

“countries are less enthusiastic but cant have a world with pure exports”

-certain goods are prohibited from being imported (drugs,certain agricultural crops,etc)
-quotas and tariffs can be imposed
-political factors can play a role on imports
-theres laws on unfair trade practices,such as dumping goods below fair market value (illegal)
“sometimes countries undermine foreign industries,SK toothbrush ex: get US out of business as they sell toothbrushes for cheaper so US market out of business”
-treaties may protect against limitations on imports

17
Q

Minimizing Trade Barriers

A

-each member nation on WTO is required to grant normal trade relations (NTO) status to other members
-various trade agreements also minimize trade barriers between countries:
EU- allow trade of goods & labor, dont need visa to work in EU countries, most expensive?or used)
NAFTA- US mexico & canada
KORUS-korea

18
Q

What are the Contract Clauses (international contracts)

A

-contracts between businesses(not treaties),works the same as domestic contracts, an agreement between companies,every country have dif contract law

1.choice of language
2.forum selection
3.choice of law
4.choice of currency
5.force majeure

19
Q

choice of language (a contract clause)

A

-which language will be used to resolve disputes

“words cant exactly translate”

20
Q

forum selection (a contract clause)

A

the jurisdiction of the
contract in the event a dispute arises

“physical location where disputes are being placed”

21
Q

choice of law(a contract clause)

A

Parties can choose which
country’s laws will govern the contract

22
Q

choice of currency(a contract clause)

A

In which currency will the
contract be performed?

23
Q

force majeure(a contract clause)

A

Acts of God or unforeseen
political events will excuse a party

“covid”

24
Q

US Antitrust Laws (US laws in global context)

A

-Subject firms in foreign nations to their provisions

“if violating,US would sue”
“Boeing v ____”

25
Q

Antidiscrimination Laws applys to (US laws in global context)

A

employment relationships
abroad

26
Q

What are the payment methods

A

-ways to protect yourself in business overseas
-Monetary systems
-Letters of Credit

27
Q

Monetary Systems

A

Both countries must rely on convertibility of currencies within a foreign exchange market.
* Hard currency vs. soft currency (some currency have more value)
* Value fluctuation protection(venezuela historically had issues)

“value of currency fluctuates overtime”

28
Q

Letters of Credit

A

-can be used in international business to make sure you get paid

-A written document where the issuer (usually a bank) promises to honor drafts or demands for payment by third persons.

“bank would charge issuer,usually customer is already on that bank so theyll know if funds will be enough just incase,can take the funds of their other account if anything”

29
Q

In international law, countries are called ______

A

states

30
Q

what does international law look like?

A

theres no one governing body,multiple treaties,treaties are dif depending on country,might be binding even if others dont agree.

ex: sanctions may be made (penalty given to a country by another),war is made if there isn’t a compromise in enforcement

31
Q

what are treaties and international agreements( a source of International Law)

A

-international agreement to contract
“same countries that sign to be in treaties may not even follow everything while some do”

32
Q

what are General Principles (a source of international law)

A

statement everyone agrees

ex: each country has ability to govern themselves (sovereign)

33
Q

how do International organizations look like ( a source of International Law)

A

-not rlly a source, more of the evidence to the other 3
-“ each has representatives ,theres full time staff researching world/historical events ,scholarly articles,comparative law,considered advisory for other sources of law”
ex: WTO,United Nations

34
Q

confiscation v expropriation

A

confiscate: chips example
expropriate : takes item but gives money to make up

35
Q

Why was the National Export Initiative (NEI) enacted

A

to increase US exporting through promotion and financing

“when increasing exports (sell overseas),GDP goes up.import is discouraged.”

36
Q

quota

A

cap on # of items export/imported

37
Q

subsidies

A

per unit per monetary benefit per item export by government

38
Q

tariff

A

per unit tax of item, more expensive so US versions get bought

39
Q

what’s a tort

A

an act that causes harm to another person or entity, for which courts impose liability

ex: nazis get consequences anywhere