Essay on Application of International Law

Words: 1132
Pages: 5
Open Document
Application of International Law
By
Dawn M. Engel
Argosy University
Business Law and Corporate Ethics
Dan Adams
May 28, 2014

In the United States, Calvin Coolidge signed the Federal Arbitration Act (FAA) into law in 1925, to be effective on January 1, 1926. (Wikipedia, 2014). “International commercial arbitration in Russia is governed by another statute: Law No. 5338-1 . . . It follows the UNCITRAL Model Law almost verbatim.” (Nikiforov, 2013). Both were “enacted to establish validity and enforcement of arbitration agreements”. (James, 2011). An arbitration agreement is then written to solve disputes later on. An arbitration agreement should include what law will govern the arbitration, where and when the arbitration will take …show more content…
Third is the cultural dimension, a failure to understand a different culture can lead to big mistakes. (Kubasek, Brennan, & Browne, 2009) An example of this is when Walmart tried to open stores in Germany. As Walmart’s success is built on “streamlined distribution channels, high-volumes sales and low prices”, it did not fit well with German consumers, who tend to believe in “small and medium-sized retailers that know the ins and outs of the country's restricted business hours, intricate labor laws and multi-layered distribution systems.” As Germans are less price sensitive than North Americans are, they might also question the quality of items with discounted prices. (Gallant, 2012). Last is the legal dimension, when doing business with a foreign country, one should learn what legal system they are using. “The major families of law are common law, which relies primarily on case law and precedent; civil law, which relies primarily on codes and statutory law; Islamic law, which relies on the Shari’a, a religious code of rules; socialist law, which is based on Marxism–Leninism and does not recognize private property; and Hindu law, which relies primarily on the Sastras, a religious code.” (Kubasek, Brennan, & Browne, 2009).
One should also be aware of the risks in international business. These include: (1) Expropriation of private property by the host foreign nation, this is the taking of private property by a host-country government either for political
Show More

Related Documents: Essay on Application of International Law

Law and Contract Essay

convention on the international sale of goods 1980 • International sale contract should include a choice of law clause- which is a clause stipulating the law applicable to the contract, such as English law. • In the event of a dispute to agree on a clause, the forum applies its private international rules to determine the law applicable to the contract • One way to tackle this uncertainty is to harmonize the law relating to international sales in the form of an international convention for the…

Words 1349 - Pages 6

Mark Waatney Essay

classifications of innovations have been distinguished to be identified with space exercises: Inventions made on earth for space applications, Inventions made on earth for earthbound applications because of space exercises, Inventions made in space for earthbound applications, Inventions made in space for spatial applications and Inventions protected on earth for spatial applications utilized as a part of space. 2.5. EXTENSION OF PATENT PROTECTION IN OUTER…

Words 700 - Pages 3

Sample Cover Letter Essay

University School of Law admissions council, Thank you for considering my application and offering me a place on the waitlist. I want to give my sincere gratitude for all the hard work the admissions council at Emory University School of Law did in evaluating my application. Ever since I began researching potential law schools, Emory University School of Law stood out as my top choice and I would be honored to attend. One of the key aspects of Emory University School of Law that stood out as I stated…

Words 682 - Pages 3

intermediate accounting 2 test bank Essay

An Introduction to Management Science: Quantitative Approaches to Decision Making Anderson 12 International Analysis for Financial Management Higgins 9 Anatomy & Physiology The Unity of Form and Function Saladin 5 Anatomy & Physiology with IP 9-System Suite Martini 1 Intermediate Accounting Kieso 15th Edition Test Bank Intermediate Accounting Kieso 15th Edition Test Bank Anderson's Business Law and the Legal…

Words 8328 - Pages 34

Identify a Scholariship Task Essay

GotScholarship Give Away - A Summer Special Opportunity 2. https://www.gotchosen.com/en/scholarship “This scholarship is easy and free to enter and the shortest period for application. The winner is selected by a random drawing. There are no GPA, financial need or essay requirements. Open to all fields of study for US, international students, and alumni, the US $20,000 must be used for “educational expenses”, this includes: tuition, fees, books, supplies, equipment required for study, contribution to…

Words 449 - Pages 2

Intellectual Property and Biotechnology Essay

INTELLECTUAL PROPERTY LAW ASSIGNMENT SUBJECT: IMPORTANCE OF INTELLECTUAL PROPERTY LAW IN BIOTECHNOLOGY SECTOR SUBMITTED BY: NAME: RIYA RAO ROLL NO.: 2034 PRN NO.: 13020621194 CLASS: SY-A BATCH: 2013-16 What is biotechnology? Biotechnology is the use of living systems and organisms to develop or make useful products, or "any technological application that uses biological systems, living organisms or derivatives thereof…

Words 1452 - Pages 6

International Legal Issues

International Legal Issues LAW/421 February 20, 2013 Danny Richey International Legal Issues International trade and business in general has become more important in today’s economy than in past years, and with it the international disputes and legal issues have also grown. When a company does business with another country and there is a dispute, the parties involved would have needed to add to their contracts: which law would be used and which court had jurisdiction. When…

Words 368 - Pages 2

Essay On Maritime Delimitation

coasts may be effect unilaterally by one of those States, hence maritime delimitation is international by nature’. Question is of course whether England did this in 1999 or not. Article 83 (1) of the United Nation Convention of Law of the Sea (hereafter LOSC) states that delimitation as explained above will be effected by agreement of the basis of international law, as referred…

Words 2084 - Pages 9

Smoking: Student and International Students Essay

Additional Requirements for International, Visiting and Veteran Students The following provides additional information specific for International, Visiting (non-degree seeking), and Veteran Students. This information and these procedures are part of the admissions process for the MA and Certificate programs in Faith & Culture. Please refer to the Application Process section of the website for a list of all basic requirements for application. International Students: 1. International students whose second…

Words 678 - Pages 3

To What Extent Has The Human Rights Act 1998

PRINCIPLES OF LAW To what extent has the Human Rights Act 1998 fully implemented the European Convention on Human Rights into the UK legal system? The European Convention on Human Rights (ECHR) is an international human rights treaty drafted by the Council of Europe in 1950 and enforced on 3rd of September, 1953. The implementation of this convention was to protect human rights and promote the prominence of fundamental freedom. It has aimed to achieve immense international unity within member…

Words 779 - Pages 4