London School of International Business (LSIB)

What are the main sources of international business law studied in NVQ 7 International Business Law part time?

Main Sources of International Business Law Studied in NVQ 7 International Business Law Part Time

When studying NVQ 7 International Business Law part time, students will delve into a variety of sources that form the foundation of international business law. These sources provide the framework for understanding the legal aspects of conducting business on a global scale. Let's explore some of the main sources that are typically studied in this program:

Source	Description
Treaties and Conventions	International treaties and conventions play a crucial role in shaping international business law. These agreements are negotiated between countries to establish rules and regulations that govern various aspects of international trade and commerce. Students will study key treaties such as the United Nations Convention on Contracts for the International Sale of Goods (CISG) and the World Trade Organization (WTO) agreements.
Customary International Law	Customary international law refers to the unwritten rules and practices that have evolved over time and are recognized by states as binding. This source of law is based on the consistent practice of states and is an important aspect of international business law. Students will examine how customary international law influences business transactions and dispute resolution.
International Organizations	International organizations such as the United Nations, World Bank, and International Chamber of Commerce play a significant role in shaping international business law. These organizations develop guidelines, standards, and best practices that impact global business operations. Students will learn about the role of these organizations in promoting international trade and investment.
Domestic Laws	Domestic laws of individual countries also play a crucial role in international business transactions. Students will study how domestic laws interact with international law and how businesses navigate legal systems in different jurisdictions. Understanding the legal framework of various countries is essential for conducting cross-border business activities.

Overall, the main sources of international business law studied in NVQ 7 International Business Law part time provide students with a comprehensive understanding of the legal principles that govern global commerce. By exploring these sources, students gain the knowledge and skills necessary to navigate the complex legal landscape of international business and contribute to the success of multinational enterprises.