3 legal system

517 views

Published on

Published in: Business
0 Comments
1 Like
Statistics
Notes
  • Be the first to comment

No Downloads
Views
Total views
517
On SlideShare
0
From Embeds
0
Number of Embeds
2
Actions
Shares
0
Downloads
9
Comments
0
Likes
1
Embeds 0
No embeds

No notes for slide

3 legal system

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

×