Business Law In The Global Market Place: The Effects On International Business

E-Book Overview

The study of Law forms a component of many undergraduate and postgraduate programs. Its inclusion does not aim to equip business practitioners with skill and expertise to render professional legal advice unnecessary, but more to provide a legal framework of reference in which both strategic and more immediate business issues can be placed. Equipping managers with a basic understanding of how law impacts upon business activity can help them avoid legal pitfalls in the first place or at least identify potential problems at an early stage, to avoid inconvenience and cost.International business can present problems that are not present in a purely domestic transaction. Any law component in a management program should embrace it and by doing so the business practitioner can be familiarized with the wider picture in which modern business, aided by technological development, is increasingly practiced. * Shows the legal dimensions in managerial decisions both nationally and internationally* Familiarizes the reader with legal issues from a practical business perspective in plain and jargon-free language* Uses numerous examples to illustrate the legal principles under consideration

E-Book Content

H6005-Prelims 7/5/05 3:23 PM Page i Business Law in the Global Marketplace H6005-Prelims 7/5/05 3:23 PM Page ii H6005-Prelims 7/5/05 3:23 PM Page iii Business Law in the Global Marketplace Peter Nayler AMSTERDAM • BOSTON • HEIDELBERG • LONDON • NEW YORK • OXFORD PARIS • SAN DIEGO • SAN FRANCISCO • SINGAPORE • SYDNEY • TOKYO H6005-Prelims 7/5/05 3:23 PM Page iv Elsevier Butterworth-Heinemann Linacre House, Jordan Hill, Oxford OX2 8DP 30 Corporate Drive, Burlington, MA 01803 First published 2006 Copyright © 2006, Peter Nayler. All rights reserved The right of Peter Nayler to be identified as the author of this work has been asserted in accordance with the Copyright, Designs and Patents Act 1988 No part of this publication may be reproduced in any material form (including photocopying or storing in any medium by electronic means and whether or not transiently or incidentally to some other use of this publication) without the written permission of the copyright holder except in accordance with the provisions of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency Ltd, 90 Tottenham Court Road, London, England W1T 4LP. Applications for the copyright holder’s written permission to reproduce any part of this publication should be addressed to the publisher Permissions may be sought directly from Elsevier’s Science & Technology Rights Department in Oxford, UK: phone: (44) 1865 843830, fax: (44) 1865 853333, e-mail: [email protected] You may also complete your request on-line via the Elsevier homepage (http://www.elsevier.com), by selecting ‘Customer Support’ and then ‘Obtaining Permissions’ British Library Cataloguing in Publication Data A catalogue record for this book is available from the British Library Library of Congress Cataloguing in Publication Data Control Number: 2005928726 ISBN 0 7506 6005 8 For information on all Elsevier Butterworth-Heinemann publications visit our website at www.elsevier.com Typeset by Integra Software Services Pvt. Ltd, Pondicherry, India www.integra-india.com Printed and bound in Great Britain by MPG Books Ltd, Cornwall Working together to grow libraries in developing countries www.elsevier.com | www.bookaid.org | www.sabre.org H6005-Prelims 7/5/05 3:23 PM Page v Contents Chapter 1 The legal framework for international business Introduction So what is ‘law’? Chalk and cheese Family ties Civil law and common law Distinguishing feature
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