International Business Law

The aim of the study of International Business Law is the need for students of economics to learn the basic legal rules that are governing international economic relations, i.e. relations between economic entities from different countries. The subject allows students to study the function of state in foreign economic relations and the determination of the legal framework of business operations of economic entities in the event of concluding an agreement with a foreign element. In addition, the subject covers the public international law, because modern life directs countries towards continuous international negotiations in order to resolve a number of issues of common interest.

Studying this subject a student will gain necessary knowledge about the way of functioning of international economic relations, the subjects of international business law, making a contract with an international element, international payments, foreign credit transactions, and settlement of international disputes.

The first part of the subject matter covers the basic concepts, economic relations, subjects, sources and principles of international business law. The second part is reserved for gaining the knowledge in the system of international business law, making a contract with an international element, international insurance, international payments, foreign credit transactions and settlement of international disputes.

Lectures i.e. systematic transfer of knowledge from the literature. Exercises, where, with plenty of concrete examples from practice, students will try to present the real life situations with the purpose of better understanding and mastering the curriculum. Consultations and seminar papers that will be presented, if necessary, in lectures and exercise classes.

Colloquium I (0-20 points); Colloquium II (0-20 points); Final exam (0-50 points); Attendance (2point); Class activities (seminar papers, discussions, case studies) (0-8 points)

Kasagic, R. (2008). International business law. Banja Luka: Faculty of Economics