Aim
The aim of this syllabus is to develop knowledge and skills in the understanding of the general legal framework within which international business takes place, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.
Objectives
MAIN CAPABILITIES
On successful completion of this exam, candidates should be able to:
- Identify the essential elements of different legal systems including the main sources of law, the relationship between the different branches of a state’s
constitution, and the need for international legal regulation, and explain the roles of international organisations in the promotion and regulation of international trade, and the role of international arbitration as an alternative to court adjudication - Recognise and apply the appropriate legal rules applicable under the United Nations Convention on Contracts for the International Sale of Goods, and
explain the various ways in which international business transactions can be funded - Recognise different types of international business forms
- Distinguish between the alternative forms and constitutions of business organisations
- Recognise and compare types of capital and the financing of companies
- Describe and explain how companies are managed, administered and regulated
- Recognise the legal implications relating to insolvency law
- Demonstrate an understanding of corporate fraudulent and criminal behaviour
Brief Contents
- Essential elements of legal systems
- International business transactions
- Transportation and payment of international business transactions
- The formation and constitution of business organisations
- Capital and the financing of companies
- Management, administration and the regulation of companies
- Insolvency law
- Corporate fraudulent and criminal behaviour