International Business Law. True or False? 1/ International law is the law of ea

Question

International Business Law. True or False?

1/ International law is the law of each individual country added together

2/ Commercial activity is an exception to the defense of sovereign immunity

3/ Around the world we find religious-based legal systems, civil or code based legal systems and common law or case precedent-based legal system

4/ Few lawsuits are brought against U.S companies in the U.S by non –U.S citizens.

5/ In the Protexa case, the Act of State Doctrine was not applicable since the insurance contract were no concern to the international community

6/ The jurisdiction of the ICJ is to apply international law to cases between sovereign nations and to render advisory opinion

7/ Per-emptory norms apply to all nations and prohibit genocide, slavery, torture

8/ There is a presumption against extra-territoriality but when it applies, an effect test is used

9/ One test for extraterritorial jurisdiction is currently broader with “substantial effects” as the requirement

10/ The FTAIA allows for an exception to Sherman Act anti-trust regulation

Explanation / Answer

Q.1)True.International law is the set of rules generally regarded and accepted as binding in relations between states and between nations.It serves as a framework for the practice of stable and organized international relations.International law differs from state-based legal systems in that it is primarily applicable to countries rather than to private citizens. National law may become international law when treaties delegate national jurisdiction to supranational tribunals such as the European Court of Human Rights or the International Criminal Court. Treaties such as the Geneva Conventions may require national law to conform to respective parts.

Q.2)

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