商务英语阅读专业篇课件答案 耿民主编 ISBN 978756630834Unit 8.ppt

Unit 10 Business Law ;IText A 　　　　　　　　　　 Introduction 　　　　International business law is a matter of self-interest. To have a single legal framework that governs international transactions saves time and money by simplifying the cost of compliance. International business law, basically, is about transcending the nation state as the only source of legal authority. While it is true that business must obey local laws, international business law has made this adaption much easier.; International Business Law 　　　International business law regulates various affairs of international business transaction and international commercial organizations. 　　　International business law includes usually: contract law, sales law, company law, negotiable instrument law, marine law, insurance law,etc. 　　　Business law is born and develops with the development of commodity economy. 　　　Historically, business law came into being during the ancient Roman period(B.C.700) as early as 2600 years ago, but at that time business law was only a part of private law. Modern international law refers chiefly to European business law which originated from “Law merchant” of Middle-Ages.; International business refers to a wide-range, transnational, commercial exchange of business between individual persons, trading bodies and States. Meanwhile, the term “international finance” used here refers to international trade-related finance and payments. Therefore, international business and finance law is the body of rules, norms and practices that regulate and govern international business transactions and their relevant payment transactions. 　　　A commercial transaction is international if: 　　　The parties who have their nationalities from different countries have their places of business in different States or Countries; 　　　The parties have their nationalities from the same country have their places of business in di