The legal environment is a component of international business. What types of laws regulate international corporations? How do the differences in laws and regulations in different countries affect international corporations? Provide some examples.
There are various laws that regulate international corporations. Two of the main laws are the FCPA and SEC regulations. The Foreign Corrupt Practices Act (FCPA) was enacted around 1977. The law holds that domestic corporations conducting business in foreign lands, including in their foreign operating plants, cannot use any form of bribery, coercion, or other corrupt practices. There are very few exceptions (such as grease payments), and the exceptions are tightly ...
This solution explains the types of laws that regulate international corporations, how the differences in laws in various countries affect international corporations, and provides examples. Includes 1 reference.