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Chapter 5
Legal Environment
Chapter Outline
Multiplicity of Legal Environments Legal Systems
Jurisdiction and Extraterritoriality Legal Form of Organization
Branch vs. Subsidiary Litigation vs. Arbitration
Chapter Outline
Bribery
- Legal Dimension - Ethical Dimension
Intellectual Property
- Categories of Intellectual Property - Legal Rights and Requirements
Legal Systems
Common law system
– Relying on precedents and conventions – E.g., USA, UK, Canada, India
Statute law system
– Code or civil law system
– Main rules of law embodied in legislative codes – Japan and most continental European countries
Jurisdiction
territorial range of authority
a court`s legal power to hear a case
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