Summary: Law And Self-Regulation Legal And Business Perspectives | 9789086596119 | Nico Jansen

Read the summary and the most important questions on Law and self-regulation legal and business perspectives | 9789086596119 | Nico Jansen

• 1 Lecture 1

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• What is the difference between public and private law?

  Public law regulates the relationship between people/companies and the State whiles Private law regulates people's/companies relations and people/companies initiate its enforcement.

• What key factors should be considered before investing in a country?

  1. Political Stability: Are there signs of unrest such as protests or military involvement. 
     
  2. Natrual Risks: Are there environmental vulnerabilities like floods or other disasters that could that could affect infrastructure or supply chain. 
  3. Corruption: Using tools like corruption perception index to find out how much corruption there is in the country.
  4. Economic Stability: Assesing the country's economic growth and inflation rates. 

• What is another word for Trias Politica?

  1. Separation of Powers
  2. Governmental Divisions
  3. Three Branches of Government

• What is the Trias Politica?

  Trias Politica is a division of government responsibilities. It consists of 3 branches namely; Executive, Legislative and Judicial. It ensure no single branch has total control.

• Which of the following is not influenced by the business plan? A)Budgets, b)Targets c)Legal developments d)Reporting and control policies.

  - c) Legal developments

• Why has making business plans become more complicated?

  1. 1. Wars 
  2. Trade Wars (For eg. Brexit / China US)
  3. Climate Change 
  4. Cyber threats 
  5. Regulatory Changes (Adapting to new laws and regulations adds complexity 
  6. Globalization (Expanding markets require knowledge of international trends and practices) 

• 3 The European union

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• When a supranational organization is created, members have to ratify. What is ratify?

  Formally accepting the rules of the treaties which form the basis of the organisation. Example: EU

• What are intergovernmental organizations?

  Organizations cannot independently exercise authorities. Regulation requires consent of all countries that make up the organisation.

• What means free trade area (FTA)?

  
  
  
  Member States remove barriers for trade in goods and services between them. As for imports for other countries, the Member States independently set tariffs and other barriers. The EU is in FTAs with for example South Korea and Japan.

• A supranational organisation enables multiple types of integration. Which 4? And what does it means?

  
  1. Economic integration - reducing or eliminating trade barriers
  2. Harmonisation - Bringing national rules closer together
  
• 3. Monetary union - Operating with a single currency
• 4. Political union - complete economic and political integration