INTL-BUS-3780 Lecture Notes - Lecture 7: Foreign Corrupt Practices Act, Extortion, Legal Aspects Of Computing
Document Summary
*legal requirements are probably the single most important reason for adaptaion in foreign market, you cannot violate the law! Pork livers case study (germans wanted male livers us gave them female livers) it was really a lack of communicaion. Types of legal systems: common law (us/uk/other countries that were under the. Briish system) law that comes from the briish system & based on precedents [decisions made on decisions that have come before stary desisis: code law aka civil law - (germany) comes from old roman. Who has jurisdicion: contractual agreement best way to igure out jurisdicion is by wriing it out in your contract; if not writen in contract it makes a lot of confusion. Then we rely on : where was it signed, where was it carried out. No single, uniform internaional commercial law governing foreign business transacions exists: 2. Internaional marketers must comply with the laws of each country within which it operates in: 3.
