International Business Law

Chapter 1 - Introduction to foreign and Comparative lawfulness

A.WHAT IS INTERNATIONAL practice of law?

1.Defined: The body of radiation patterns and norms that regulates activities carried on outside the legal boundaries of nations
a.It regulates ternion external relationships:
1)Those between states and states.
2)Those between states and persons.
3)Those between persons and persons.
2.Is International Law Really Law?
a.Because nations and individuals regard international law as law, it is law.
1)Distinguish: Comity.
a)Comity defined: The practice, or courtesy, between nations of treating all(prenominal) other with goodwill and civility.
2)Comity is not law because countries do not regard it as something they are required to respect.

character 1-1. Ignacio Sequihua v. Texaco Inc. et al.

3.What is Law?
a.The dictionary defines law as:
1)A rule established by authority, society, or custom.
2)The body or agreement of such rules.
3)The control or authority imposed by such a system of rules.

B.THE MAKING OF INTERNATIONAL LAW

1.No Formal Law-making Machinery
2.Basic Mechanism for Creating International Law: Consensus of the international community.

C.SOURCES OF INTERNATIONAL LAW

1.



Defined: Those things which international tribunals rely upon in ascertain the content of international law.
2.Authorized Sources: Article 38(1) of the Statute of the International Court of Justice (ICJ) lists the sources which that court is permitted to use.
a.ICJ looks to:
1)International conventions.
2)International custom.
3) full general principles of law.
b.In interpreting these, the ICJ may also look to:
1)juridic decisions.
2)Teachings of publicists.
3.Treaties and Conventions
a.Definitions:
1)Treaties are agreements between one or more nations.
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