Legal Operations in International Business

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Legal
Operations in International Business

Part 1

Currently, you are definitely living and existing in a
global economy, and business is no longer merely conducted with individuals and
businesses in a close geographic location. Consumers and businesses are dealing
with others from all corners of the world. This brings about certain challenges
to the business regarding the sales process. 

Primary Task Response:  write up to 400–500 words that respond to
the following questions with your thoughts, ideas, and comments. This will be
the foundation for future discussions by your fellow classmates. Be substantive
and clear, and use examples to reinforce your ideas:

  • Keeping
    in mind the United Nations Convention on Contracts for the International
    Sale of Goods(CISG), what are the implications for businesses
    that wish to operate within countries that have not agreed to this
    platform from the UN?
  • The
    purpose of business is to make money. Should a business engage in commerce
    in countries that have not accepted the CISG platform? Why or why not?

Part 2

Previous written last week and this week , revenue
generating activities were discussed involving countries not adhering to the
United Nations platform of Convention on Contracts for the International Sales
of Goods (CISG). Regardless of whether the foreign country has accepted this
platform or not, ultimately from time to time, disputes regarding business
activities are going to take place. Therefore, what are the legal remedies that
national and international businesses can rely on to seek some sort of
restitution?

Assignment Guidelines

  • Using
    the Internet and the library, select two countries of  your choosing, and research their laws
    and regulations pertaining to the settlement of disputes that arise
    through business transactions.
  • Address
    the following questions:

    • What
      are the benefits of utilizing the negotiation process first?
    • How
      much power and authority could the WTO enact during this process?
    • What
      are the implications of choosing private law to seek ratification?
      Explain.
  • What
    are the ramifications of choosing the governing law? Explain.
  • Compile
    your responses into a Word document of 900–1,200 words.

    • You
      must reference at least 3sources from your library research.
  • Possible
    references

http://www.icj-cij.org/homepage/

http://www.icj-cij.org/docket/?sum=367&code=nus&p1=3&p2=3&case=70&k=66&p3=5

http://www.icc-cpi.int/EN_Menus/icc/Pages/default.aspx

http://www.oecd.org/

http://www.wto.org/