IB0017 – International Business Environment and International Law

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ASSIGNMENT

DRIVE	WINTER 2014
PROGRAM	MBADS (SEM 3/SEM 5) MBAFLEX/ MBA (SEM 3) PGDPMN (SEM 1)
SUBJECT CODE & NAME	IB0017 – International Business Environment and International Law
BK ID	B1909
CREDITS	4
MARKS	60

Note: Answer all questions. Kindly note that answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme.

1. Discuss the pros and cons of internationalization.

Answer: The Internet has made it possible for nearly any individual to open a business selling products or services. It has also broadened our horizons by making news, culture and business available from countries all over the globe. The ability to obtain inexpensive customer, administrative and manufacturing services from offshore companies is a boon for small companies unable to afford extra employees, plants and equipment at home. It has also tempted many small companies to try to expand internationally.

Language and Culture

One of the most famous examples of language and cultural gaffes by well-intentioned companies was Chevrolet's introduction of its Nova model in Mexico, where "no va" means "it doesn't go" -- clearly a bad name for a car. Language

Q:2 Explain the relationship between law, business and international law. How is international law considered to be mixed in nature?

Answer: Relationship between law business and international law - International business and economic law involves the public international law and domestic law applicable to international business transactions between private parties, as well as the public international law applicable to trade and investment relations between or among states. The concerns of international economic and business law relate to the international economy, and involve sales of goods, trade in services, intellectual property licensing and protection, international finance and foreign direct investment, as well as the settlement of disputes relating thereto. This

Q:3 What are the laws regarding carriage of goods by sea? What the related liabilities of international carriage of cargo? 

Answer:

Carriage of goods by Land

Q:4 Write short notes on:

Answer

 Export cartels - - Export cartels are exempted from the competition laws of most countries. While some scholars and several WTO members have recently condemned such cartels, others have argued that they allow efficiency gains that actually promote competition and trade. This paper examines the various issues involved, with special reference to developing countries and to recent discussions on trade and competition policy. After summarizing the contending views on export cartels, and also the scanty theoretical literature on the subject, it reviews the treatment of such cartels in various jurisdictions and the limited empirical evidence that is available on their prevalence, efficiency justifications, and effects on international

Q:5 How does the TRIPs agreement protect IPRs? What are the 7 intellectual properties defined in TRIPs? 

Answer-

·         TRIPS-The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) is an international agreement administered by the World Trade Organization (WTO) that sets down minimum standards for many forms of intellectual property (IP) regulation as applied to nationals of other WTO Members.^[2] It was negotiated at the end of the Uruguay Round of the General Agreement on Tariffs and Trade (GATT) in 1994.

IPRs The Indian Placement Reporting Standards (IPRS) is an effort towards standardizing B-school placement reports. This initiative taken by IIM Ahmadabad and contributions made by the various stakeholders like media, recruiters and other B-

6 Which are the various kinds of investment treaties and how do they function?

Answer – Investment treaties - A bilateral investment treaty (BIT) is an agreement establishing the terms and conditions for private investment by nationals and companies of one state in another state. This type of investment is called foreign direct investment (FDI). BITs are established through trade pacts. A nineteenth-century forerunner of the BIT is the friendship, commerce, and navigation treaty (FCN).^[1]

Most BITs grant investments made by an investor of one Contracting State in the territory of the other a number of guarantees, which typically include fair and equitable treatment, protection from expropriation, free transfer of means and full protection and security. The distinctive feature of many BITs is that they allow for an alternative dispute resolution mechanism, whereby an investor whose rights under the BIT have been violated could have recourse to international arbitration, often under the auspices of the ICSID (International Center for the Settlement of Investment Disputes), rather than suing the host State in its own courts.

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Send your semester & Specialization name to our mail id :

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