ACCTG 1 Lecture Notes - Lecture 24: Jus Gentium, Monism, Francisco De Vitoria
Document Summary
Public international law - system of law that regulates the interrelationship of sovereign states and their rights and duties regarding each other. Private international law - deals with conflicts of law involving a foreign element. History: need for rules and principles to give predictability and certainty to international relations, based on. Jus naturale: natural law, based on reason, contained all-embracing set of ideas - focused on individual and their relation to the world. Francisco de vitoria: native populations of the world were a part of the society of human race and that the spanish conquistadores were therefore governed by natural law. Lead to the creation of nation states in europe. Idea was to reduce powers of transnational forces like empire or religion. State is primary source of authority (stability and order) Sovereign possesses absolute and indivisible power and is only answerable to god. Is above law - can both create and break law at own discretion.
