1. THE INTERNATIONAL LEGAL
ENVIRONMENT OF BUSINESS
• International Law and Business
• International Trade Agreements
• Business Structures in Foreign Markets
• International Contracts
• International Dispute Resolution
www.StudsPlanet.com

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
www.StudsPlanet.com

3. RISKS OF INTERNATIONAL BUSINESS
TRANSACTIONS
• Financial
• Political
• Regulatory
• All stem from differences in
• Currencies
• Language
• Customs
• Legal systems
• Social philosophies
• Government policies
www.StudsPlanet.com

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
www.StudsPlanet.com

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
www.StudsPlanet.com

6. www.StudsPlanet.com