1 / 5

Politics and Law

Politics and Law. Managing the Risk. Demonstration of concern with host country’s society can be effective. Firms can take out insurance to cover losses due to political and economic risk. . Legal Differences and Restraints.

moses
Download Presentation

Politics and Law

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Politics and Law

  2. Managing the Risk • Demonstration of concern with host country’s society can be effective. • Firms can take out insurance to cover losses due to political and economic risk.

  3. Legal Differences and Restraints • Countries differ in their laws as well as in their use of the law. There are two major legal systems worldwide: • Common Law & Civil Law Muslim Law

  4. International Law • The World Trade Organization defines internationally acceptable economic practices for its member nations. • The United Nations has developed codes and guidelines that affect international business.

  5. In cases of disagreement, the parties can choose: • Arbitration: Procedures are quicker and often spelled out in the original contract • Litigation: Often involves extensive delays and is very costly

More Related