BETWEEN A ROMANO-GERMANIC LEGAL ENVIRONMENT AND A COMMON LAW ENVIRONMENT In order for us to understand the difference between a ROMANO-GERMAN legal environment and a COMMON LAW environment‚ it is important for us to examine each system separately and then to present the main differences of the two legal systems. ROMANO-GERMANIC LAW (CIVIL LAW) Civil law is the main legal system used in the world today. It originates from the Roman law and is based on written legal codes which are applied
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Katrina Shay Country Analysis – AUSTRALIA Intro to International Business Spring 2015 Katrina Shay Intro to Internat ’l Business Spring 2015 Francisco Paredes Sanchez I. INTRODUCTION Australia is located between the Indian and Pacific oceans. The nation was originally inhabited by the native Aborigines and was first discovered and explored by the Dutch in the 1620’s. Later the land was claimed by Captain Cook for the British Empire. The British officially arrived in the nation in 1788 where they
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Political- legal environment is one of the economic environment that its development has strongly impacts on the marketing decisions of the company. The political environment consists of laws‚ government agencies‚ and pressure groups that influence or limit various organizations and individuals in a given society. Each factors of political environment has its own functions and impacts on the economic activities of the industry. The economic systems work best with at least some regulation. When
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Q1. Identify three types of political risk evident in Chavez’s Venezuela and give an example of each. Political risk is the political forces will provoke drastic changes in a country’s business environment and adversely affect the goals of business enterprise. There are three kind of political risk in the case “Chavez’s Venezuela”‚ macro-political risk‚ micro-political risk and legal risk. After populist socialist president‚ Hugo Chavez took the office of Venezuela‚ he took many actions to
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Hong Kong’s Economic and Political Environment Hong Kong’s retrocession in the summer of 1997 was an event long prepared for‚ and built up to‚ in the minds of the territory’s citizens and residents. A significant number of the educated applied for overseas passports and left for more politically and economically stable environments in which to live and work; the "Brain Drain" was a significant problem for Hong Kong from 1984. Return to Chinese rule brought a promise from China that Hong Kong
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The political environment in a country affects business organizations and could introduce a risk factor that could cause them to suffer a loss. The political environment could change as a result of the actions and policies of governments at all levels‚ from the local level to the federal level. Businesses need to be prepared to deal with the fallout’s of government politics locally and internationally. Let’s first define Political environment‚ there are several factors that creates an Inter-linkages
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In international business‚ knowledge about political environments is very important. Why? Please provide examples. The Political environment is often a direct consequence of the political parties in power‚ which represents the popular opinion of the citizens of the region. If the citizens are‚ for example‚ pro-Big Business then probably taxation will be modest and there will not be a lot of stringent rules about environmental considerations.If the citizens are very concerned about safety issues
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The Australian Legal System Introduction All countries are a reflection of their histories and this is very much the case with governmental structures and the associated legal system. The Australian legal system is based on a fundamental belief in the rule of law‚ justice and the independence of the judiciary. All people—Australians and non-Australians alike—are treated equally before the law and safeguards exist to ensure that people are not treated arbitrarily or unfairly by governments or
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First off Company X would bring the lawsuit to a State Trial Court of General Jurisdiction. These courts hold a wide variety of cases such as civil disputes and criminal prosecution. Although if Company X is planning on suing for less than 5‚000 dollars they may bring the case to a Small Claims Court. Secondly‚ necessary pleadings need to be filed in order for this case to be brought to court. First off Company X would have to file a Plaintiff’s Complaint with the appropriate court. This complaint
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adverse effects on company operations and profitability caused by developments in a country’s political and legal environments. Some examples like: Diverse political and legal systems‚ as managers must adhere to business laws and regulations. Preferential subsidies‚ government incentives‚ and protectionism. International Business: Strategy‚ Management‚ and the New Realities 2 Political or legal factor‚ economic‚ social‚ or technological developments. Unintended consequences- Laws may
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