Globalization has changed the way companies participate in international trade, even allowing small businesses to join in the global stage. Let’s take a look at how a need for “International Economic Law” is growing and what companies need to consider when trading! Multinational companies like Google or Apple self-evidently act on a global stage. But even small businesses participate in international trade today. The integration of national economies and the elimination of barriers of trade no longer allow a solely national view on this development. With the growing importance of international commerce, the need for an „International Economic Law“ arises. Numerous regulations and agreements concern international trade and investment, but the legal framework of international economy remains indefinite.
In this course common principles of International Economic Law will be examined by analyzing leading decisions by international courts. Therefore a substantial part of the course will be dedicated to class room discussion of cases and reading materials.