The document discusses the international legal environment of business. It covers topics such as international law and agreements, business structures abroad, and dispute resolution. It also examines the international business environment, risks of international transactions, and origins and sources of international law. International business involves entities from multiple countries and issues around trade, capital, personnel across borders under different legal systems and government policies.

1. THE INTERNATIONAL LEGAL
ENVIRONMENT OF BUSINESS
• International Law and Business
• International Trade Agreements
• Business Structures in Foreign Markets
• International Contracts
• International Dispute Resolution
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2. THE INTERNATIONAL BUSINESS
ENVIRONMENT
• Includes all business transactions that involve
entities from two or more countries
• Movement of goods across countries
• Movement of services across countries
• Issues regarding capital
• Issues regarding personnel of multinational
enterprises
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3. RISKS OF INTERNATIONAL BUSINESS
TRANSACTIONS
• Financial
• Political
• Regulatory
• All stem from differences in
• Currencies
• Language
• Customs
• Legal systems
• Social philosophies
• Government policies
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4. ORIGINS OF INTERNATIONAL LAW
• Commercial codes date back to Egypt in 1400 B.C.
• Early trade centered around law of the sea
• Greek/ Roman Empires both had codes of
international trade
• Middle Ages: Lex Mercatoria (Merchant Law) –
Governed trading customs in Europe
• Today’s codes still partly derived from early efforts
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5. SOURCES OF INTERNATIONAL LAW
• Individual countries create their own laws
• Trade agreements between countries
• Worldwide/regional organizations, i.e.
• United Nations
• European Union (EU)
• No universal international court system for resolving
international conflicts of businesses
• Difficult to enforce decisions and contracts
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