The Incompatibility Of International Business And Law

Law360, New York (June 6, 2012, 1:20 PM EDT) -- Encompassing activities that take place across national borders, international business is inherently incompatible with law. The latter is guided by the principle of sovereignty whose sphere of authority exists within given geographic jurisdictions and thus has defined territorial outreach. International business in contrast has no geographic boundaries. It refers to value-creation that takes place by converging locally confined systems of production and mobilizing assets across multiple juristic regimes. Firms active internationally have their home in one country and operate under the laws of other countries as...
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