International Business Law

Other terms for ending, cancelling or avoiding a contract are

Name 5 areas of Business law (except international business law)

Give a typical example of a legal dispute and explain common ways to solve it .

Name typical impediments a manufacturer often faces for marketing goods in a foreign country.

Name 5 main areas of the law of international trade other than contracts.

Name 3 examples of international sales which do not entail a shipment of assets across a border and which are not a sale of service.

Consider a purchase contract that says nothing about warranty rights of the buyer for defect goods.

Does the buyer have warranty rights?

What is private international law ?

What is a choice of law clause and its scope/limitation ?

What is a CapStat and in which context is it used ?

What does CISG stand for and whatis it about ?

In which case are buyer and seller obligated to apply CISG to a purchase contract?

Requirements for application on CISG?

Change or exclusion of a rule in CISG possible ?

With respect to a purchase contract, state what are remedies in general and name (do not describe) types of remedies that CISG provide to the buyer.

Under CISG, may the buyer of defective goods reduce the price ? If so to what extent ?

What is the fundemental CISG principle with respect to the rights of the seller against the freight forwarder in case of defect/loss of goods on transport?

Scenario:
seller delivered goods under a sales contract subject to CISG. The goods reach the buyer 6 weeks later (delay) → buyer claim damages, seller refuses the claim and says delay was caused due technical problems..Is the seller right ?

If the seller bears the risk in an international sale, what does that mean?
In the practice of international sales, how is the determination of the seller’s risk made?

What is the relationship between Incoterms and CISG?

Name and briefly describe the main issues that incoterms are concerned with ?

Briefly explain the primary rationale for arbitration in international business.

In arbitration, what is generally meant by ‘procedural law’ and ‘material law’?

Briefly state (in one sentence) what a trademark is.

When a trademark is properly registered, the owner of the trademark is said to be ‘protected’.

What does ‘protected’ mean in this respect?

What is a trademark licence?

Name typical terms for a trademark licence.

Briefly explain what ‘M&A’ is.

Briefly state what is meant by a due diligence and letter of intent in the M&A area.

-Merger control basically means that ‘larger’ transactions require (i) ... by (ii)... in all countries concerned (‘large’ in German law depends on (iii)...). When making its decision, the body referred to at (ii) above mostly applies the following standard: (iv)...
In case the decision referred to at (i) above is denied, the outcome of the merger control procedure is (v) ...

A synonym of buyer is ...

A synonym of seller is ...

Complete the text :

Private Law : also referred to as ... deals ..

The primary exampe of a legal activity in the area of private law is ...

The basic German statute in this area of law is ..

What is a :

-b2b contract

-b2c contract

Does CISG apply to an international sales contract when it is a purchase contract between two parties and these parties are based in two different countries that have each signed and ratified CISG?

Consider a case in which the parties to an international sale of goods plan to agree on CISG. However one of the parties is not satisfied with the rules for the delivery date under CISG and wants to have substantially different rules in the sales contract for the delivery date.

Is that possible?

Name the 3 main areas of International Business Law

"Most businesses are organized as a corporation. A corporation is owned by (i)..., and it typically has a board. The board members mostly acquire such position through (ii)... . The board members' primary responsibility is (iii).... The main reason for the organization of a business as a corporation is (iv)... .
The two fundamental ways by which a corporation becomes the owner of its capital or of its business assests are (v)... and (vi)... ."

Indicate the technical legal terms for the following matter:

i) Court order prohibiting a certain action

ii) Payment to the state for illegal behavior

iii) Compensation payment a person makes to another person for losses caused to that person

iv) Legal responsibility for an action

Other terms for forming or making or agreeing on a contract are:
i)...
ii)...
iii)...

A company's business activity is restricted by man legal provisions in the area of environmental protection, competition, etc. State how that part of commercial law is generally referred to.

If the buyer bears the risk in an international sale, what does that mean?

What is the main issue for the parties intending to enter into an international sales contract when they negotiate the payment (not the amount or currency) of the purchase price, and which basic alternatives are available to them in this respect?