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Lecture overview
Introduction The influence of the law on society in general The legal framework of international business
National law Public international law Private international law
Legal issues confronting international marketers International bodies which have helped shape the international legal environment
Learning outcomes
Provide practical examples of ways in which the law influences peoples business and social activities Describe the three main components of the international legal environment and explain how they interact with one another Compare the legal tradition and system of international law of South Africa with other countries Discuss the different ways of resolving international business disputes
Countries differ in their understanding and application of the law and therefore it stands to reason that they will have different views on contracts and the value attached to them
International bodies which have helped shape the international legal environment
UNCITRAL: Has devised a number of international conventions and model laws pertaining to specific disciplines (e.g. transport, sales and e-commerce) aimed at promoting greater harmonisation in international trade practice
UNIDROIT: Active in coordinating and harmonising the private laws of different countries. Has been a resource to UNCITRAL, and published its own uniform rules and legal guides
International bodies which have helped shape the international legal environment
WTO: Promotes less restricted international trade (enshrined in a number of agreements) and provides a multilateral forum for negotiations on international trade matters.
WIPO: Active in creating, promoting and administering international norms and standards pertaining to intellectual property.
International bodies which have helped shape the international legal environment
ISO: Promotes standardised international business activity in order to facilitate the exchange of goods and services. Introduced the metric system, standardised international codes for countries and currencies, and standardised freight pallets and containers. ICAO: Sets technical standards for the global civil aviation industry, and encourages uniformity in ground regulations and operations at international airports.
International bodies which have helped shape the international legal environment
WCO: Promotes standardisation and harmonisation in customs procedures amongst member countries. Developed and implemented the Harmonized Commodity Coding System (HS). ICC: Is the central body for all chambers of commerce around the world and is primarily focused on harmonising global trade practices. Formulated the Incoterms, the UCP and the URC.