Key Terms
Definition
Small payments that are permitted under the FCPA. Condition: Only allowed to individuals who are NOT decision makers.
Covers
Law of war, territorial acquisition, dispute settlement between nations, property rights, trade, outer space, natural re
Solution
Treaties include provisions requiring parties to submit to a dispute resolution panel or neutral tribunal (e.g., the Int
Custom
A widely accepted way of doing something. Customary international law: A body of international rules that has become bin
Example
Importing cultural heritage items from other nations without permission is illegal.
Historical scope
Governed rules of war, treatment of prisoners of war, and human rights.
After World War II
Many areas of customary law became the basis for UN Conventions.
Modern trend
Reduce legal obligations to writing and have nations expressly agree to the terms. Customary law still exists but is bei
Treaty
An agreement between two or more nations governed by international law. Think of it as a contract between sovereign nati
Type
Anti-corruption law. Prohibition: US companies and their employees are prohibited from paying bribes to foreign official
Major purpose
Reduce trade barriers to increase global trade.
Purpose
Protect domestic industries by limiting the number of competing goods sold within the nation.
Export
To transport products to another nation. Export controls: Prohibit or restrict certain products from leaving a nation.
Forms
Tariffs, quotas, bans and restrictions. Primary enforcement agency: US Department of Homeland Security Customs and Borde
Importer responsibility
The importer is responsible for complying with all import laws.