International Law In Business Dispute Essay Example
International Law In Business Dispute Essay Example

International Law In Business Dispute Essay Example

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  • Pages: 8 (2114 words)
  • Published: October 23, 2017
  • Type: Essay
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The diverseness in the exchange of concern portfolio continues to grow, and a rational legal device should help solve the conflicts that arise in various international business transactions. International business and trade are essential for the growth and economic sovereignty of countries. The concept of comparative and absolute advantages will always be relevant. Therefore, countries will maintain a morally upright position in exchanging commercial activities and products. However, just like any other activity within social dimensions, business activities also experience conflicts. These conflicts, based on the conflict theory within social structures, are instrumental in providing standards for societal changes and revolutions. Without conflicts within business structures, it cannot progress and develop. However, these business conflicts hinder the coherence in international business standards. With the negative consequences of international business conflicts, a rational analyst would be aware

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of the role played by international business in fostering these conflicts. Therefore, one may wonder if international law provides an environment for settling business differences and what its dimensions are.The thesis statement suggests that for a scholar to maintain the authenticity and validity of their research work, they would need to engage in rigorous academic research. The global business operates within an international environment with diverse activities that extend beyond national borders. These activities are regulated by individuals from various racial backgrounds, ethnicities, domestic laws, and commercial laws. The key human fundamentals unite these differences under a common understanding within the contractual governments of international definitions. International law provides comfort and support for the international business community by promoting general coherence and facilitating activities across national borders. It serves as a tool for resolving business disputes but can als

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contribute to increased chaos and conflicts.The negative impact of internal jurisprudence in settling concerns differences is evident. Nonpartisanship in both phenomena is crucial and should never be compromised. The advantages of international jurisprudence can be likened to what Aristotle did for the school of philosophy. The scope of international jurisprudence in relation to concerns is extensive and can be the subject of extensive discussion. However, a detailed analysis can still provide support for the same. In the realm of international business, a diverse range of activities is carried out, involving different subjects with varying understanding. Due to this diversity and different legal jurisdictions, conflicts between parties and their constructions and activities are common. International business aims to bring understanding and harmony to these activities. Firstly, the environment within international business must be taken care of, as various production, distribution, and business processes pose threats to the environment.The degradation of the planetary environment, caused by various commercial activities like mill exhaustions, oil spillage from nautical activities, over development of resources, and general merchandise dumping, poses a significant threat to humanity's overall well-being. To address this issue, international law plays a crucial role in protecting the planetary environment through different environment laws, including international marine laws, aviation laws, and commercial laws.

However, the existing bundle of national laws is inadequate and may not effectively account for the responsibility of international environmental properties. On the other hand, international business involves various contractual relationships based on international foundations. Breaching these contracts has become a common occurrence due to the widespread business environment. Such breaches would be impersonal and irrational if they were dealt with solely under national business laws.

Nevertheless, international

business demonstrates consistent evidence in breached contractual relationships of an international capacity. To address these conflicts, international law utilizes codes and regulations, such as international arbitration, to bring these disputes into formal domains governed by logical formalities.The text seeks to discuss the legal regulations governing international contracts, emphasizing the importance of various instruments in international business activities. It highlights how the diversity in transactions promotes exchange and collaboration among different parties. The use of international business instruments is guided by the formalities of international business law, which aims to ensure harmony in the business process. At an international level, consumer protection is always a priority, and the law mandates that products and procedures comply with standards that prioritize consumer welfare and fair prices. Additionally, the GATT law plays a crucial role in preventing unfair trade practices such as product dumping and upholding high-quality standards.The organizational structures within which international business operates include air power (both air and marine), military bases, resource terminals, banks, and legal frameworks, among others. These structures are adequately covered by international law, which helps maintain proficiency. Moreover, international law offers various advantages that contribute to the success and promotion of international business. However, it is important to note that there are also disadvantages associated with international law. Despite its advantages, international business involves individuals from different nationalities who often have limited common understanding. Collaboration between these individuals is often superficial and restricted to what they are willing to understand about each other. As a result, international law has been a major source of global misinterpretation and has contributed to interstate conflicts. Various parties and states involved in international business often encounter

differences and conflicts that can be traced back to their understanding of international law. On a domestic level,The protection of commercial activities is ensured by domestic laws, however, these laws only apply within national borders. Each country has its own laws based on the economic structures within them. Different countries have different economic authorities and laws governing their activities. The diversity in economic dignity among countries creates chaotic relationships when trying to resolve international business disputes. This has caused misunderstandings and imbalances between different nationalities. International law has traditionally been a source of various global conflicts. Some people see it as a source of benefits for certain countries, while others see it as a source of success for economically developed nations.Despite their underdeveloped and disadvantaged status, these less developed states have been viewed as targets for development by international laws. This has become the core of global conflicts and misunderstandings. In the realm of international business, different interpretations of the various international laws have been applied. For instance, labor laws offer crucial support in terms of employment and personal protections in the workplace. These laws have been designed to provide practical guidance on regulations and standards for international labor provision. They aim to provide support for the functioning of the workforce and ensure they are not exploited through inadequate wages and payment that do not meet their autonomy and desired living standards. Furthermore, labor laws seek to safeguard individuals from the negative implications of poor working conditions. Overall, international labor law comprises a collection of administrative regulations that ensure adequacy in working conditions and govern the international exchange of labor. It also strives to promote

equality in employment opportunities, prohibiting discrimination based on factors such as ethnicity, gender, nationality, race, religion, and others.The international law recognizes the importance of intellectual property rights and the role of the internet in this regard. It also acknowledges the significance of product and service development in international business. Various laws have been established to regulate intellectual property rights and ensure the sovereignty of rights holders. The internet system is essential in providing support for these rights. The global production success heavily relies on the contributions of intellectual property rights holders. These laws set boundaries to facilitate the use and ownership of these rights and prevent conflicts. The overall business administration is a crucial element within the business framework.International business jurisprudence aims to authenticate and formalize the disposal of businesses by outlining legal procedures and processes that provide ongoing support for effective organizational leadership. It establishes a conventional structure for corporate governance, ensuring that different corporate structures are sufficient by developing the primary function of each. This approach fosters a global understanding between corporate governance and business stakeholders, thereby promoting success and vigilance in the international business arena. Within international business, which involves various contractual relationships, liability is a crucial element that affects understanding. The law ensures that liability is properly accepted, defended, and discharged by providing a legal framework that promotes clarity. Ethical and legal standards have been formulated to govern the acceptance, defense, and discharge of liabilities in international business. Accepting liability is an integral part of the business process, as it upholds the integrity of its operations. Without regulations that instill confidence in every aspect of the business, solid foundations for businesses

would not exist. [8]The international legal system is concerned with various laws and regulations that govern liabilities in international business. It aims to establish confidence in business proceedings. Typically, contractual relationships and the transfer of activities follow the rules of negotiable instruments. However, the legality of holding and transferring negotiable instruments must adhere to a well-structured framework in which ownership transfer is properly defined and regulated by the law. Due to the diversity and significance of international business, negotiable instruments play an important role. International law ensures adequacy in all transactions involving the holding and transfer of negotiable instruments, aiming to protect the interests of the parties involved. Additionally, international law provides legal frameworks that regulate ethics related to these instruments. Alternatively, international law recognizes and protects personal rights in property ownership. Consequently, it establishes provisions that ensure rights in the execution of transactions and interest in every piece of personal property. This is achieved through codes and regulations on property ownership.All issues related to transportation and ownership of belongings are protected. This includes personal belongings and rights and involvement in existing belongings. Parties with ownership of existing belongings and estates are given provisions to use their belongings for security purposes. Various laws have incorporated transactions related to international property/ estate ownership. The Consumer Protection Act of 2005 is enacted to protect consumers from losses due to bankruptcy. Any activities that hinder consumer enjoyment of products at international levels are addressed. Legal frameworks are established to support international business bankruptcy issues. The law also recognizes the importance of the banking system and check transfers in business transactions. Various banking systems are involved in these activities.The

provision of wire and cheque services at the international level is facilitated by a collection of various sets of laws. International law plays a crucial role in ensuring the smooth functioning of global business by establishing consistent regulations for international business transactions. Works cited: Bederman, David J. International Law in Antiquity. Cambridge, England: Cambridge University Press, 2001. Buchanan, Allen. Justice, Legitimacy, and Self-government: Moral Foundations for International Law. New York: Oxford University Press, 2004. Finch, George A. The Sources of Modern International Law. Buffalo, New York: William S. Hein, 2000. Hathaway, Oona A. “Two Cheers for International Law.” The Wilson Quarterly, Fall 2003.The following texts contain citations and references to various publications on international law. These texts include and their contents.

1. Knop, Karen. "Diverseness and Self-government in International Law." Cambridge: Cambridge University Press, 2002. Accessed from Questia: [link].

2. Meron, Theodor. "International Criminalization of Internal Atrocities." American Journal of International Law 89, no.3 (1995): 554-577. Accessed from Questia: [link].

3. Ratner, Steven R. "International Law: The Tests of Global Norms." Foreign Policy, Spring 1998, 65+. Accessed from Questia: [link].

4. Richardson, Henry J. "The Gulf Crisis and Afro-american Interests Under International Law." American Journal of International Law 87, no.1 (1993): 42-82. Accessed from Questia: [link].

5. Roth, Brad R. "Governmental Illegitimacy in International Law." Oxford: Oxford University Press, 2000. Accessed from Questia: [link].

6. YeeSienho and Wang Tieya's book on explosive detection systems is referenced in several other sources. In the book "International Law in the Post-Cold War World: Essays in Memory of Li Haopei" published by Routledge in 2001, the authors discuss explosive detection systems. This book is available online through Questia. Brad R. Roth also

mentions it in his book "Governmental Illegitimacy in International Law" published by Oxford University Press in 2000. Steven R. Ratner references it in his article "International Law: The Tests of Global Norms" published in Foreign Policy. David J. Bederman's book "International Law in Antiquity" also mentions Sienho and Wang Tieya's work. Meron Theodor refers to their findings in his article on the international criminalization of internal atrocities. Other books that reference Sienho and Wang Tieya include George A. Finch's "The Sources of Modern International Law," Allen Buchanan's "Justice, Legitimacy, and Self-government: Moral Foundations for International Law," Karen Knop's "Diversity and Self-Determination in International Law," and Oona A. Hathaway's article "Two Cheers for International Law" published in The Wilson Quarterly. All of these sources provide insights and references to Sienho and Wang Tieya's work on explosive detection systems.In his article titled "The Gulf Crisis and Afro-American Interests Under International Law," Henry J. discusses the impact of the Gulf Crisis on Afro-American interests in terms of international law. The article was published in the American Journal of International Law in 1993, with the page number being 1.

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