Impact of legal environment on international business
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All businesses operate in an external environment where different factors, or sets of environments, affect them and are often out of the control of the business. ... The legal environment of business involves the laws and regulations to which a business is subject.The International Legal Environment. ... Private international law governs relationships between persons and organizations engaged in international transactions and addresses which laws will apply when the parties are in a legal dispute. Foreign law is a law enacted by a foreign country.
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