Focuses on the importance of understanding international laws in business operations.
Covers various legal systems, intellectual property rights, legal recourses, marketing laws, antitrust laws, and the extraterritoriality of US laws.
Common Law
Based on tradition, past practices, and legal precedents.
Courts interpret laws and provide legal precedents.
Examples: United States, England.
Code Law
Comprises written laws (codes) governing various sectors including commercial, civil, and criminal laws.
Examples: China, Japan.
Intellectual Property: Ideas transformed into tangible products protected by law.
Types of Intellectual Properties:
Patents: Exclusive rights for inventions providing new solutions.
Trademarks: Distinctive signs identifying goods/services (e.g., iconic product shapes).
Copyrights: Rights of creators over their artistic and literary works (e.g., expressed through the World Intellectual Property Organization).
The impact of counterfeits and knockoffs on original product sales.
Example: China’s unauthorized Apple stores, demonstrating how fakes can affect brand reputation.
Conciliation (Mediation): A confidential, non-binding process involving a mediator to facilitate discussions.
Arbitration: Formal, binding agreement with a third-party arbitrator; decisions enforceable by law.
Litigation: Lawsuit process, seen as a last resort due to costs, time, and public exposure.
Initial step of Negotiation before involving formal legal recourses.
Austria: Restrictions on free gifts and coupons.
France: Sales permitted twice a year.
China: Cultural reactions (e.g., notable Nike commercial) to foreign marketing.
Designed to prevent unfair business practices that reduce competition for consumer benefits.
Example of violations: Apple’s investigation in Europe regarding antitrust practices under the new Digital Markets Act.
Foreign Corrupt Practices Act (FCPA): Prohibits bribery of foreign officials by U.S. firms.
Antiboycott Laws: Regulations against U.S. companies engaging in unauthorized boycotts, particularly regarding the Arab-Israeli conflict.
Key comparisons between Common Law and Code Law regarding Acts of God and labor strikes.
Hierarchical order of resolving international disputes:
Negotiation
Mediation
Arbitration
Litigation
Awareness of different marketing laws across countries, including cultural sensitivities (e.g., Lebron James’ Nike commercial).
Understanding the implications of Antitrust Laws and the extraterritoriality of U.S. laws.
Chapter 7
Focuses on the importance of understanding international laws in business operations.
Covers various legal systems, intellectual property rights, legal recourses, marketing laws, antitrust laws, and the extraterritoriality of US laws.
Common Law
Based on tradition, past practices, and legal precedents.
Courts interpret laws and provide legal precedents.
Examples: United States, England.
Code Law
Comprises written laws (codes) governing various sectors including commercial, civil, and criminal laws.
Examples: China, Japan.
Intellectual Property: Ideas transformed into tangible products protected by law.
Types of Intellectual Properties:
Patents: Exclusive rights for inventions providing new solutions.
Trademarks: Distinctive signs identifying goods/services (e.g., iconic product shapes).
Copyrights: Rights of creators over their artistic and literary works (e.g., expressed through the World Intellectual Property Organization).
The impact of counterfeits and knockoffs on original product sales.
Example: China’s unauthorized Apple stores, demonstrating how fakes can affect brand reputation.
Conciliation (Mediation): A confidential, non-binding process involving a mediator to facilitate discussions.
Arbitration: Formal, binding agreement with a third-party arbitrator; decisions enforceable by law.
Litigation: Lawsuit process, seen as a last resort due to costs, time, and public exposure.
Initial step of Negotiation before involving formal legal recourses.
Austria: Restrictions on free gifts and coupons.
France: Sales permitted twice a year.
China: Cultural reactions (e.g., notable Nike commercial) to foreign marketing.
Designed to prevent unfair business practices that reduce competition for consumer benefits.
Example of violations: Apple’s investigation in Europe regarding antitrust practices under the new Digital Markets Act.
Foreign Corrupt Practices Act (FCPA): Prohibits bribery of foreign officials by U.S. firms.
Antiboycott Laws: Regulations against U.S. companies engaging in unauthorized boycotts, particularly regarding the Arab-Israeli conflict.
Key comparisons between Common Law and Code Law regarding Acts of God and labor strikes.
Hierarchical order of resolving international disputes:
Negotiation
Mediation
Arbitration
Litigation
Awareness of different marketing laws across countries, including cultural sensitivities (e.g., Lebron James’ Nike commercial).
Understanding the implications of Antitrust Laws and the extraterritoriality of U.S. laws.