Winter-2015 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490 Master of Business Administration - MBA Semester 4 IB0017-International Business Environment and International Law Book ID-B1909 Assignment (60 Marks) Note: Answers for 10 marks questions should be approximately of 400 words. Each question is followed by evaluation scheme. Each Question carries 10 marks 6 X 10=60. Q1. Discuss the pros and cons of internationalization. Answer: Pros Cons Increasing the annual net profit or cash High initial investments are necessary, for flows by transferring competitive example, for a distribution system advantages to a foreign market Using foreign sales potentials to achieve Costly product diversification due to, for volume effects by increasing the quantity example, technological differences or a different structure of Q2. Explain the relationship between law, business and international law. How is international law considered to be mixed in nature? Answer. Relationship between law, business and international law International business and economic law involves the public international law and domestic law applicable to international business transactions between private parties, as well as the public international law applicable to trade and investment relations between or among states. The concerns of international economic and business law relate to the international economy, and involve sales of goods, trade in services, intellectual property licensing and protection, international finance and foreign direct investment, as well as the settlement of disputes relating thereto. This field is affiliated with international business studies and with international economic Q3. What are the laws regarding carriage of goods by sea? What the related liabilities of international carriage of cargo? Answer. Laws regarding carriage of goods by sea The Carriage of Goods by Sea Act ("COGSA") is a United States statute governing the rights and responsibilities between shippers of cargo and ship-owners regarding ocean shipments to and from the United States. It is the U.S. enactment of the International Convention Regarding Bills of Lading, commonly known as the "Hague Rules". It was found in Title 46 Appendix of the United States Code, starting at Section 1301, but has been moved to a note in 46 United States Code 30701. Q4. Write short notes on: a. Labour rights b. European Union Answer. Meaning and role of Labour rights: Body of rulings pertaining to working people and their organizations, including trade unions and employee unions, enforced by government agencies. There are two categories of labor laws; collective and individual. Collective labor law involves relationships between the union, the employer and the employee. Individual labor law involves concerns for employees' rights in the Q5. How does the TRIPs agreement protect IPRs? What are the 7 intellectual properties defined in TRIPs? Answer. TRIPs agreement protect IPRs The TRIPS agreement introduced intellectual property law into the international trading system for the first time and remains the most comprehensive international agreement on intellectual property to date. In 2001, developing countries, concerned that developed countries were insisting on an overly narrow reading of TRIPS, initiated a round of talks that resulted in the Doha Declaration. The Doha declaration is a WTO statement that clarifies the scope of TRIPS, stating for Q6. Which are the various kinds of investment treaties and how do they function? Answer. Investment treaties An investment treaty is an agreement made between two or more sovereigns that safeguards investments made in the territory of the signatory countries. Sovereigns purportedly promulgate these investment treaties as “a means to satisfy the need to promote and protect foreign investment and with a view to enhancing the legal framework under which foreign investment operates.” Winter-2015 Get solved assignments at nominal price of Rs.125 each. Mail us at: [email protected] or contact at 09882243490