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International Trade and Finance Law - Assignment Example

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International Trade and Finance Law Table of Contents 1 Introduction 3 Brief Description of Legal Risks in International Trade and Finance 4 Identification of Legal Risks in South East Asia 6 Brief Assessment of Legal Risks in South East Asia 8 Conclusion 9 References 11 Bibliography 13 Introduction Being highly influenced by the rapid growth of globalisation, organisations in the present day context often seek to expand their business operations beyond the national boundaries…
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International Trade and Finance Law
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Download file to see previous pages However, besides the vivid opportunities, the global exposure practices have also been observed to impose certain threats and constraints upon the organisations. For instance, organisations intending to expand in the global context may face various types of legal risks owing to the differences pertaining to the regulatory framework of the home country and the host nation. It is in this context that international trade laws, in terms of industry specific concessions and Foreign Direct Investments, often tend to constrict the expansion programs of organisations (Johnsrud, 2011). Based on these aspects, the discussion intends to briefly discuss the international trade laws and the related risk factors that are quite likely to be faced by Cowan Davies (CD) PLC when expanding its business operations in South East Asia. Moreover, the discussion also focuses on identifying major risks of trade and finance that are probable to be faced by CD in its planned expansion to South East Asia. Brief Description of Legal Risks in International Trade and Finance Legal risks are often perceived to be a few of the fundamental issues faced by organisations when conducting processes related to international trade and finance. It is in this context that over the past decades, laws related to trade affairs and business operations have developed apparently, which has also imposed a significant influence on the organisational operations. For instance, in early decades of the 18th century, businesses were largely focused on national contexts rather than on foreign environments apart from the export and import functions. With the gradual increase in the globalisation effects, organisations became more concentrated on expanding their businesses in foreign countries in order to attain the virtues of added resource availability and increased market demand. However, owing to the distinctive cultural backgrounds and business procedures, various regions developed dissimilar trade policies which later cropped up as a fundamental reason for international trade related conflicts (Schmitthoff & Cheng, 1937). For instance, the legal framework followed by the South East Asian economies to facilitate international trade has been observed as quite different from that practiced by the western countries. Where the organisations operating in America, England and other allied western countries need to abide by the norms specified by North American Free Trade Agreement (NAFTA), the companies operating in the South East Asian region needs to follow the rules and regulations specified by the Association of Southeast Asia Nations (ASEAN). Supposedly, the policies followed by the two international trade related treaties are distinct in terms of their characteristics which might give rise to conflicts and legal issues in case of global exposure (Johnsrud, 2011). With this concern, there are various trade and finance risks identifiable, which could affect the export activities of CD for its expansion in the South East Asian region. It is worth mentioning in this context t ...Download file to see next pagesRead More
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