International Trade Law: Regulations and Governance

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What does International Trade Law (ITL) regulate?

Global exchange of goods and services

Which branch of law does International Trade Law belong to?

International Law

What does International Law govern?

Conducts of states and international organizations in their international relations

What does International Trade involve that makes it more complex?

Involvement of different national currencies Signup and view all the answers

What does International Law regulate in addition to activities outside the legal boundaries of nations?

Human rights within a country Signup and view all the answers

What are the characteristics of International Trade Law (ITL) according to the text?

It has characteristics of International Law Signup and view all the answers

What is the main function of the International Court of Justice (ICJ)?

To settle legal disputes between states in accordance with international law Signup and view all the answers

What does the International Court of Justice (ICJ) look to in order to determine the content of international law?

General principles of law Signup and view all the answers

What is the composition of the International Court of Justice (ICJ)?

15 judges elected for terms of office of nine years Signup and view all the answers

What is a formal agreement between two or more legal persons regulating their international relations, being subject to international law?

International treaty Signup and view all the answers

What is the significance of customary international law?

It cannot be altered by any means Signup and view all the answers

What are the sources that the International Court of Justice (ICJ) is permitted to use in determining the content of international law?

International conventions, international custom, and general principles of law Signup and view all the answers

What are some elements involved in determining whether a practice may form the basis of a binding international custom?

Duration, consistency, repetition, and generality of the practice Signup and view all the answers

What is the subject matter that Private International Law deals with?

Disputes between individuals and companies where the law of more than one nation applies Signup and view all the answers

What term refers to a formal agreement between two or more legal persons regulating their international relations?

International convention Signup and view all the answers

What is Public International Law focused on?

Rules apply to countries & other international actors in the international community Signup and view all the answers

What are some authorized sources for determining the content of international law?

International conventions, judicial decisions, teachings of law reviews. Signup and view all the answers

What are some reasons for the obligation effect in treaties?

Shared sense of commitment and fear that other countries will not respect theirs. Signup and view all the answers

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International Trade Law: Regulations and Governance - Lecture 2

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