StudentShare solutions
Triangle menu

Business law international - Essay Example

Nobody downloaded yet

Extract of sample
Business law international

This will be a help or support provided by the IMF to support countries which are suffering from capital flight. It stated that the IMF has allowed for an emergency finance mechanism so as to facilitate the countries which have been hit by the prevailing financial crisis. The scheme has been said to be a sppedy procedure for the approval of loans, as stated by the IMF chief Dominique Staruss-Khan and was used in the financial crisis in 1997. It is a procedure which has its legal validity and has been stated to be procedure adopted by the IMF in situations of credit crisis.
It was stated that due to slump in demand in Western economies there had been cut in credit lines which had adversely affected emerging economies and due to this the IMF stated it was willing to provide assistance to countries which are in need to funding. ...
Similar grants were also provided to Philippines, Thailand, Korea and Indonesia after the Asian financial crisis erupted in 1997.
Another thing that needs to be pointed at this time is that in October the Permanent Peoples' Tribunal, an international organization which is an esteemed and highly regarded convened in Madrid so as deliver a judgment on the institutions that is World Bank and IMF. The evidence which had been provided was analyzed and expert witnesses were called upon and their judgments were looked into. The Tribunal issued a sentence of guilty. It was stated that the policies that had been adopted by the IMF and the World Bank infringed human rights and were found to be homicidal. The session of the Tribunal was a follow up on the pledge that had been vowed by the previous session which had taken place in Berlin in 1988 so as to assess the policies of the institution with regard to international law and the right to self determination.
It had been assessed that the policies of the IMF and the World Bank are in contradiction with the constitutive treaties and the basic principles of International Law. Further it has been stated that the policies of the World Bank and the IMF can not be unfettered when they are in violation of the international law. Thus it had been stated by the Tribunal that the UN General Assembly should direct the International Court of Justice to set limitations on the competence of the IMF and the World Bank. Further it has been stated that the International Human rights should be adopted as a part of International Law to affect the policies of the IMF.
In the current situation there have been put forward by the IMF ...Show more

Summary

The main use of IMF is that it allows certain countries or in other words, its member to apply for assistance only if the country can satisfy that it needs it to adjust its balance of payments, which is the inability to meet the international payments. Therefore it can be stated with ease that IMF lends money so as to allow countries to be able to restructure the international reserves of the country, to stabilize currency, be able to make the import payments and create an environment which is favorable for economic growth, while providing flexibility to adjust and reform policies so as to improvise on the external imbalance which is faced…
Author : nmuller
Business law international essay example
Read Text Preview
Save Your Time for More Important Things
Let us write or edit the essay on your topic
"Business law international"
with a personal 20% discount.
Grab the best paper

Check these samples - they also fit your topic

International Business Law
The individual member states are expected to make any necessary adaptations that will facilitate implementation of directives into the member state’s domestic law (Andrasi and Mandarassy, 2005). c) Council (of ministers) Is a community institution composed of a single minister from each of the member states whose main task is to legislate and make decisions for the council although their role in performing these functions is not exclusive (EU Handout).
5 pages (1250 words) Essay
Business and International Law
The countries that provide the vessel owners with the registry services and maritime expertise are members of the International Maritime Organization (IMO).There are a number of factors that must be met in the flag registration in a competitive international shipping industry.
4 pages (1000 words) Essay
International Business Law Essay
Some ordinary legal matters for an industry include; organization law, industry entities, e-commerce, and the officially permitted collisions of businesses ran by electronic means. Furthermore, this paper will talk about these ended and give details how every of these ended might or may not collision a industry.
12 pages (3000 words) Essay
International Business Law Policy
government's attempts to promote uniformity in commercial laws from state to state is firstly, the relevant provisions of the US Constitution and also Section 118 of the General Business Law which predates that of Section 7-210.1 The UCITA, as a controversial model law promulgated by the National Conference of Commissioners on Uniform State Laws, covered transactions in computer and digital information, in place of Article 2 of the UCC.
4 pages (1000 words) Essay
Business Law International
All of these bailout packages were conditional upon the implementation of exit riles, whereby risky financial establishments that compromise the integrity of the financial system can be ushered out without endangering the system as a whole. For example,
4 pages (1000 words) Essay
Business Law (International)
If these are not protected globally, the business cannot gain the benefits of their creative works. It is painful that every efforts that a business has been putting in creatively to develop and improve further through its unique brand name,
6 pages (1500 words) Essay
Business law International
These rigorous processes are termed the concept of International Taxation (Hines 50). The three friends, George, Gordon and Nicholas from OECD
8 pages (2000 words) Essay
International Business Law
r outsourcing contracts in India, it must study relevant Indian laws like intellectual property law and data privacy and protection, contractual rights and obligations enforcements as well as procedures being used in resolving party disputes (Legal Issues in Offshore Outsourcing
3 pages (750 words) Essay
International Business Law 2
Before taking any strategic decision in connection with the company’s intention to outsource a part of its customer services to India, it is necessary to analyze and evaluate the legal implications of the country, including employment rights, privacy and data
3 pages (750 words) Essay
International Business Law
Foreign direct investment occurs in various ways such as through multinational corporations, opening foreign branches or wholly acquisition of local firms. Due to this, each country has come up
8 pages (2000 words) Essay
Hire a pro to write
a paper under your requirements!
Win a special DISCOUNT!
Put in your e-mail and click the button with your lucky finger
Your email
YOUR PRIZE:
Apply my DISCOUNT
Comments (0)
Click to create a comment
Contact Us