International Business Law - Assignment Example

International Business Law Denial of justice A number of things constitute denial of justice. A presumption that favors the judicial process is one such element of denial of justice. Admission or rejection of evidence or documents deviating from international standards constitutes denial of justice. Another element of denial of justice is court maneuverings that obstruct judicial process. Bad faith embedded in the way a court departs from standards rules of procedure and evidence. The role of the Word Banks Multilateral Investment Guaranty Agency in insuring losses from political risksIn insuring losses from political risks, the Word Banks Multilateral Investment Guaranty Agency helps deter harmful actions to protect investments.

The agency intervenes in dispute resolution before they get to the level of a claim in court. It helps clients to access funds from equity partners and banks. The agency increases tenors of loans that are available to investors. Approaches to the regulation of pollutionRegulatory approach to the regulation of pollution involves governments or other authorities adopting guidelines that stipulate certain pollution levels and ways of maintaining these levels. An example of regulatory approach is the command and control regulation.

Non-regulatory approach to the regulation of pollution uses incentives and sensitization to encourage industries to adopt environment-friendly measures and practices. Market-based incentives are an example of non-regulatory pollution regulation. Kyoto ProtocolThe Kyoto Protocol is an agreement that many nations negotiated during the 1997 United Nations Framework Convention on Climate Change in Kyoto, Japan. The main objective of the Kyoto Protocol is to mandate nations to reduce their emission of greenhouse gases by set rates.

For example, in nation present at the convention agreed to cut their annual greenhouse emissions by 5.2% by 2012 relative to 1990. The greenhouse gases targeted are carbon dioxide, sulfur hexafluoride, methane, HFCs, nitrous oxide, and PFCs. 1989 Basel ConventionThe 1989 Basel United Nations Convention introduced measures regulate the movement of hazardous waste for disposal in other countries. The convention instituted a condition that require that states that are parties to the convention cannot authorize or transport hazardous waste across borders into or out of a country that prohibits such movement.

Party states cannot move hazardous waste into another country if they have the capacity to recycle it. They also cannot move waste into a country that lacks sound waste management measures (August, Mayer and Bixby 52- 105).Works citedAugust, Ray, Mayer, Don, and Bixby, Michael. International business law: Text, cases, and readings. New York, NY Pearson Education, Limited, 2012. Print.