3 legal system
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3 legal system Presentation Transcript

  • 1. LEGAL SYSTEM
    Legal systems is another dimension of external environment that influence business
    1
  • 2. CATEGORIES
    Common Law
    Civil Law
    Theocratic Law
    2
  • 3. Common Law
    Based on tradition, precedent and custom and usage
    Courts are an important role in interpreting the law according to those characteristic
    Contracts is very important and must very detailed
    Ex. United Kingdom & United State of America
    3
  • 4. Civil Law
    Based on very detailed set of laws that are organized into a code as a foundation for doing business
    Based on how the law is applied to the facts
    Contracts is shorter and less specific or not very detail
    Less adversarial than common law
    Ex. German, France & Japan
    4
  • 5. Theocratic Law
    Based on religions percepts ex. Islamic Law or syariah that based on following sources ex. Al-Quran, As Sunnah & Hadith
    Is a moral law
    5
  • 6. LEGAL ISSUES IN INTERNATIONAL BUSINESS
    Trade and investment regulation
    Intelectual property protection
    Financial flows regulation
    Taxation
    Reporting requirement
    Ownership regulations
    6
  • 7. INTERVENE OF GOVERNMENT
    Reasons of intervene:-
    Self interest of the government
    Government needs the support from many constituencies ex. Labour union, religious organization etc.
    7
  • 8. INTERVENE OF GOVERNMENT
    Types of intervention:-
    Ownership + control
    - Confiscation
    - Expropriation
    - Domestication
    Foreign Exchange, Export, Import + taxation
    - Currency down, gov establish exchange control
    - Gov demand to the MNC to export certain amount of MNC output to earn foreign exchange
    - Gov demand to the MNC to import raw material to control price
    - Gov can changes tax rates to increase tax revenue
    The marketing mix
    - certain portion of product must locally manufacturing
    - set a price ceilling
    - requirement to distribute product that not give profit
    8
  • 9. Assignment
    Find out the following country's political system practices. Information is available through the website or any sources that could be adopted:
    Malaysia
    United Kingdom
    United States of America
    Japan
    China
    Indonesia
    Saudi Arabia
    Thailand
    Brunei
    Sepanyol
    Singapura
    India
    Vietnam
    Burma
    Date to submit:
    9