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International Commercial Law is a body of legal rules, conventions, treaties, domestic legislation and commercial customs or usages, that governs international commercial or business transactions. [1]
International Development: Focuses on legal aspects of international aid, poverty reduction, and sustainable development. Labor and Services Law: Addresses the legal dimensions of international labor standards and service trade. Investment Law and Arbitration: Deals with the legal framework for international investments and dispute resolution.
Dunning was widely known for his research in economics of international direct investment and the multinational enterprise. His OLI paradigm, in particular, remains as the predominant theoretical contribution to study international business topics. Hymer and Dunning are considered founders of international business as a specialist field of study.
Many early international legal theorists were concerned with axiomatic truths thought to be reposed in natural law.Sixteenth century natural law writer, Francisco de Vitoria, a professor of theology at the University of Salamanca, examined the questions of the just war, the Spanish authority in the Americas, and the rights of the Native American people.
As soft law, these principles help harmonize international commercial contract law by providing rules supplementing international instruments like the CISG and even national laws. Most importantly in private practice, they offer a neutral contractual regime which the parties can choose, either by incorporation into their contracts (in whole or ...
International trade law is based on theories of economic liberalism developed in Europe and later the United States from the 18th century onwards. [9] International Trade Law is an aggregate of legal rules of "international legislation" and new lex mercatoria, regulating relations in international trade.
The research approach, unlike the Economic Analysis of Law (also known as "Law and Economics") which primarily aims at assessing and comparing the cost and efficiency of the rules in accordance with criteria developed by economists, seeks to explain the differences of performance between companies facing the same legal environment, according to ...
Commercial law (or business law), [1] which is also known by other names such as mercantile law or trade law depending on jurisdiction; is the body of law that applies to the rights, relations, and conduct of persons and organizations engaged in commercial and business activities.