Samenvatting
International Business Law summary/lecture notes
- Instelling
- Vrije Universiteit Amsterdam (VU)
International Business Law summary/lecture notes
[Meer zien]Voorbeeld 4 van de 35 pagina's
Voorbeeld 4 van de 35 pagina's
In winkelwagengesponsord bericht van onze partner
Gekoppeld boek
Titel boek:
Auteur(s):
- Uitgave:
- ISBN:
- Druk:
Verkoper
Volgen
Voorbeeld van de inhoud
International Business Law – 2022-2023 – lecture notesLecture 1 – introduction to Law & Legal Systems
1. Law
2. Legal Families
3. Sources of Law and obligations
4. Territorial effect of laws
5. Introduction European law; EU institutions
1) LAW
Law: the system of rules which a particular country or community recognizes as regulating
the actions of its members and which it may enforce by the imposition of penalties
Justice: the moral conviction of a group of people expressed in law
Functions of law
- Normative law: Ethics
How the legislator wants people to behave (“just behavior”)
(Wernaart p. 12: “substantive”)
- Formal law: procedural
To maintain the normative rules
Example - normative function
- Human rights originally protected against state power
- Equality principle: everybody will be treated in the same way in similar cases
- No discrimination: for everyone: on the basis of gender, race, religion, political party or
whatever is not allowed Art 1 NL Constitution
- Ethics
- Vs constitutional rights, social rights
Example – conflict solving – preventive
- Example: accession rules (private law/property law)
- The owner of the car becomes the owner of the goods that have been affixed to the frame
(art 3:4 s 2 DCC)
Example – facilitating
- Article 2:3 DCC Private legal persons
- Freedom to organize, freedom of enterprise
Legal certainty – positive law – sources
- Legal certainty
- Example: positive law: law as it presently is
- If you want to know what law presently is you must know where to find the applicable rules
you will search the sources of law
codification (most important in civil law countries)
in common law countries: areas of law built around “precedents” (H/A)
- Also certainty about the exact text
- State control in issuing laws – law journals
- Still “in print” design
,2) LEGAL FAMILIES
- Civil law: in continental Europe beginning in the Middle Ages and based on codified law
drawn from national legislation
- Common law: in England beginning in the Middle Ages and is based on case law and
precedent rather than codified law
- Religious law: a religious system or document being used as a legal source, through the
methodology used varies (Islam: Sharia – Koran)
- New systems: Civil Law (Japan, Poland, China etc.)
Status / law family
- In common law
Historically developed body of law
No quest for ‘principles of law’
Statute law is ‘an infringement to common law’
Only if case law is not sufficient
“disaster becomes law” (US: Enron > Sarbanes Oxley)
+ stricter interpretation of codified law
3) SOURCES OF LAW / OBLIGATIONS HIERARCHY IN CIVIL LAW
- Treaty (several nations) human rights
- Constitution (nation) federal law
- Statutory acts/codes (parliament) state law
- Administrative measures (administration: DNB, AFM)
- Self-regulation / contracts / juridical acts
- Habit (= customary law)
- Status/priority – principles:
- A lower rule should be in accordance with the higher rule
- A newer rule supercedes older rule
- A special rule supercedes a general rule
Examples:
- Covid-19 regs supercede normal procedures;
- In DCC the shareholders appoint the director. In case of a fin ist, the NL
financial supervision act requires AFM/DNB approval of a director before
appointment
- Issues with new rules
- New statute law: certainty but fixation
- Civil law: to prevent excess regulation: NL there must be a proven need for the law
and the need should be compelling
- A new lay may codify pre-existing rules
Or
- A new law changes pre-existing rules – transition period
- Law/language is ‘never’ clear
4) TERRITORIAL EFFECTS OF LAWS
- Autonomy/sovereignty
- Treaties-types
,- Extra-territorial effect
- Autonomy / Sovereignty
- Sovereignty: the power of a country to control its own government within its
borders
-> to design its laws
- Autonomy: the right of self government
- Synonyms / related words:
- “freedom, independence, liberty”
- “EU member states gave partially up on sovereignty”
- Treaties
- Extra-territorial effect
- Examples of Extra-Territorial Effect of Laws:
- FCPA
- ABA + MSA
- GDPR
- FCPA 1977 (US) Foreign Corrupt Practices Act:
- Bribery:
- Making a corrupt payment to a non-US government official for the purpose
of securing an improper advantage or obtaining or retaining business for any
person
- Applicable to:
- US persons and companies, wherever active and any foreign company listed
on US exchange, or individual using US mail, - commerce, - bank accounts
- Anti Bribery Act 2011 (UK) (ABA)
- Bribery:
- Bribing another person
- Being bribed
- Bribing to a foreign public official
- Failing to prevent bribery
- Scope:
- [UK and] committed elsewhere the foreign acting person or company has a
close connection to UK
- EU General Data Protection Regulation (2018) (EU GDPR)
- If a non-EU company offers goods or services to EU customers (B or C)
-> GDPR will apply, even if no data processing takes place in EU
- ‘Brussels Effect’ : the technically good quality EU legislation is ‘copied’ by other
countries across the world
, 5) INTRODUCTION TO EUROPEAN LAW
- Legal reasoning:
- Introduction to european law:
- EU
- 27 countries
- 1/1/20
- Outline:
- Key tenets EU law
- Basis and difference between regs and directives
- EU institutions relevant for corporate law
- 4 freedoms and corporate law
- EU corporate law
- European law key tenets
EU [1958 EEG/1993 EG/2009 EU]
- 27 sovereign nations, bound by:
2 Treaties (TEU and TFEU), covering Free Trade, Customs-union, economic and
monetary union etc
- EU = organization with :
- European Parliament,
- European council,
- Council of European Union,
- European Commission, and
- European court of justice
- Extra layer of regulation in many field
- Mix of inter- and supra governmental
- Principles of proportionality and subsidiarity
- Basis and difference between regs and directives:
Voordelen van het kopen van samenvattingen bij Stuvia op een rij:
Verzekerd van kwaliteit door reviews
Stuvia-klanten hebben meer dan 700.000 samenvattingen beoordeeld. Zo weet je zeker dat je de beste documenten koopt!
Snel en makkelijk kopen
Je betaalt supersnel en eenmalig met iDeal, creditcard of Stuvia-tegoed voor de samenvatting. Zonder lidmaatschap.
Focus op de essentie
Samenvattingen worden geschreven voor en door anderen. Daarom zijn de samenvattingen altijd betrouwbaar en actueel. Zo kom je snel tot de kern!
Veelgestelde vragen
Wat krijg ik als ik dit document koop?
Je krijgt een PDF, die direct beschikbaar is na je aankoop. Het gekochte document is altijd, overal en oneindig toegankelijk via je profiel.
Tevredenheidsgarantie: hoe werkt dat?
Onze tevredenheidsgarantie zorgt ervoor dat je altijd een studiedocument vindt dat goed bij je past. Je vult een formulier in en onze klantenservice regelt de rest.
Van wie koop ik deze samenvatting?
Stuvia is een marktplaats, je koop dit document dus niet van ons, maar van verkoper floriannereith. Stuvia faciliteert de betaling aan de verkoper.
Zit ik meteen vast aan een abonnement?
Nee, je koopt alleen deze samenvatting voor €7,42. Je zit daarna nergens aan vast.
Is Stuvia te vertrouwen?
4,6 sterren op Google & Trustpilot (+1000 reviews)
Afgelopen 30 dagen zijn er 52510 samenvattingen verkocht
Opgericht in 2010, al 14 jaar dé plek om samenvattingen te kopen