International business law
The International Business Law is the legal regime for international economic relations, for example by Governments, international organizations and private transport of goods and services. Characteristic of international commercial law is an overarching consideration of the interaction between national and international, private and public legal norms.
The functions basically correspond to the principles of national commercial law , i.e. order, justice, control, pacification, plus harmonization for the purpose of lowering transaction costs and ensuring minimum standards (e.g. wages and quality) and liberalization . Just like German law, international business law differentiates between public and private law . There are also international treaties and the law of so-called regional economic areas (e.g. the European Union ) as sources of law .
Attempts by individual states to enforce particular interests through lobbying make the practice of international commercial law more difficult. Politicians can use embargoes , sanctions and war as an “ ultima ratio ” to exert a significant influence on international trade deals.
literature
- Aden, Menno: Internationales Private Commercial Law , Oldenbourg Verlag, Munich 2005. ISBN 3-4865-7892-8
- Wimmer / Müller: Business Law. International - European - National , Springer, Vienna-New York, 2007. ISBN 3-2113-4037-8
- Tietje, Christian (Ed.): Internationales Wirtschaftsrecht , De Gruyter, Berlin, 2nd edition 2015. ISBN 978-3-11-028535-2
Individual evidence
- ^ Matthias Herdegen: International Business Law. CH Beck, Munich 2009.