国际商法英文版:3 Chapter 5 investment.doc
《国际商法英文版:3 Chapter 5 investment.doc》由会员分享,可在线阅读,更多相关《国际商法英文版:3 Chapter 5 investment.doc(23页珍藏版)》请在咨信网上搜索。
1、Chapter 5 Foreign InvestmentContentsSummary 2Outline3Questions 10Vocabulary14Part 1 SummaryThe Chapter is about Foreign Investment. At the beginning, it introduces some related laws, codes and policies. In screening Foreign Investment Applications, there re formal and informal processes and it needs
2、 approval of applications. Of course business forms are diverse. While foreign equity will have limitations. This part introduces brief idea of Free ZonesThe second part talks about supervisions of Foreign Investment. It also shows start-up standards and operational reviews. Apart from modification
3、of foreign investment agreements, protection of subsidiaries and penalties for noncompliance are important as well.The third part tells some regulations towards the securities. Apart from some basic knowledge of securities, we can find out the regulations exist in every step of the life of the secur
4、ity, for example, how do the main countries regulate the issuing, and the trading of security. And then, we get some common rules about the securities exchanges, the issuance and the clearance and settlement procedures. In the end of this part, it introduces the insider trading and how to regulate t
5、he takeovers.Finally, we should consider the question internationally. It mainly talks about some common views towards the enforcement of securities regulations, such as the Memorandums of Understanding, The Convention on Insider Trading and Extraterritorial Application of U.S. Securities Laws.Part
6、2 OutlineChapter 5 - Foreign InvestmentA. INVESTMENT LAWS AND CODES1.Types of regulationsa.General acts.1)Western countries: Investment laws and investment codes.2)Communist countries: Joint venture laws.a)Communist countries only allow investment by joint venture.b.Special investment laws.1)Commonl
7、y they apply to particular sectors of the economy (e.g., agriculture, technology, tourism, etc.)2)Some constitute a complex network of laws that in combination function as a general investment law control.2.Foreign Investment Policya.Underlying purposes of the regulations are generally the same worl
8、dwide.1)These commonly are:a)Promoting local productivity and technological development.b)Encouraging local participation.c)Minimizing foreign competition in economic areas already well served by local businesses.3.Screening Foreign Investment Applicationsa.Most countries require foreign investors t
9、o:1)Register with the government.2)Obtain government approval of their proposed venture.4.The Formal and Informal Application Processa.Regulatory authorities look for two things in an investment application submitted by a foreign investor:1)Does the proposed investment fit the guidelines of the inve
10、stment law?2)Does the investment agree with the investment philosophy of the regulatory authority?a)This second criterion is the more important (especially in developing countries).b)Conforming to this requirement can prove difficult when:1It is secret.2The regulatory authority is unsympathetic to f
11、oreign investors.Reading 5-1. The Informal Application Process.5.Approval of Foreign Investment Applicationsa.Forms of approval:1)When the investor seeks no incentives: a letter of approval.2)If incentives are granted a formal investment agreement will be signed by both parties.b.The burden of insur
12、ing that the proper approval has been obtained rests on the investor.Case 5-1. Arab Republic of Egypt v. Southern Pacific Properties, Ltd.6.The Business Forms that Investors May Usea.Most states prefer that foreign investors limit themselves to:1)Businesses that have local participation.a)Typically
13、this means one of the following:1Partnership.2Limited liability company.3Publicly traded stock company.2)Businesses which fully disclose their activities to the public.a)Many host state laws mandate public disclosure of the activities of:1Large firms.2Firms with foreign ownership.b)“Tax haven” count
14、ries take a different approach.1They try to attract foreign multinational investment by imposing no disclosure requirements.2Some tacitly encourage the organization of partnerships and limited liability companies (which are not required to disclose their financial activities).7.Limitations on Foreig
15、n Equitya.Foreign investment laws frequently forbid or limit the percentage of equity which foreigners may own in local businesses.8.Sectoral Limitationsa.Defined: Restrictions relating to particular economic sectors.1)Closed sectors: Foreigners are often forbidden from investing in sectors that hos
16、t governments consider important to their national independence and security.2)Restricted sectors: Many countries limit the percentage of foreign investment allowed in certain economic sectors.3)Foreign priority sectors:a)Foreigners are often encouraged to invest in sectors where:1Local development
17、resources are limited.2Where foreign investment will increase the number of local jobs.3Where the foreign export trade will grow.9. Geographic Limitations: Some countries limit foreign investment within certain geographic areas for security or economic reasons.Case 5-2.Brady v. Brown10.Free Zonesa.“
18、Free zone” defined: A geographical area wherein goods may be imported and exported free from customs tariffs, and in which a variety of trade-related activities may be carried on.b.Free zones categorized by their size:1)Free trade areas: Geographical areas made up of two or more states that have agr
19、eed to let some or all of each others enterprises carry on their trade across and within each states borders free from customs tariffs and other restrictions.a)Examples: NAFTA and the EU.2)States may open their entire territory or some part of it to international trade.a)Example of a state that has
20、opened its entire territory: Singapore.b)Examples of regional free zones:1Chinas Special Economic Zones.2Latin Americas free perimeters.3)Free cities (or free port) are cities that are open to international trade.4)Free trade zone (or foreign trade zone in the US) is an area within a city or near a
21、city that is open to international trade.a)Subzones are special-purpose free trade areas near a free trade zone.Case 5-3.Nissan Motor Mfg. Corp., USA v. United Statesc.Free zones categorized by activities.1)Export processing zones.a)Defined: Manufacturing facilities that process raw materials or ass
22、emble parts from abroad, then re-export the finished product.b)Materials and parts brought into these zones are not subject to local customs laws.1No tariffs or other duties are paid at the time of importation or re-exportation.c)Example: Mexicos maquiladora program.2)Free retail zones.a)Found in in
23、ternational airports and harbors and near some border crossings.b)Cater to tourists and other travelers who are leaving a country by offering them goods free of local sales and excise taxes.3)Bonded warehouses.a)Found at the ports of entry of most countries.b)Privately owned and operated by transpor
- 配套讲稿:
如PPT文件的首页显示word图标,表示该PPT已包含配套word讲稿。双击word图标可打开word文档。
- 特殊限制:
部分文档作品中含有的国旗、国徽等图片,仅作为作品整体效果示例展示,禁止商用。设计者仅对作品中独创性部分享有著作权。
- 关 键 词:
- 国际商法英文版:3 Chapter investment 国际 商法 英文
1、咨信平台为文档C2C交易模式,即用户上传的文档直接被用户下载,收益归上传人(含作者)所有;本站仅是提供信息存储空间和展示预览,仅对用户上传内容的表现方式做保护处理,对上载内容不做任何修改或编辑。所展示的作品文档包括内容和图片全部来源于网络用户和作者上传投稿,我们不确定上传用户享有完全著作权,根据《信息网络传播权保护条例》,如果侵犯了您的版权、权益或隐私,请联系我们,核实后会尽快下架及时删除,并可随时和客服了解处理情况,尊重保护知识产权我们共同努力。
2、文档的总页数、文档格式和文档大小以系统显示为准(内容中显示的页数不一定正确),网站客服只以系统显示的页数、文件格式、文档大小作为仲裁依据,平台无法对文档的真实性、完整性、权威性、准确性、专业性及其观点立场做任何保证或承诺,下载前须认真查看,确认无误后再购买,务必慎重购买;若有违法违纪将进行移交司法处理,若涉侵权平台将进行基本处罚并下架。
3、本站所有内容均由用户上传,付费前请自行鉴别,如您付费,意味着您已接受本站规则且自行承担风险,本站不进行额外附加服务,虚拟产品一经售出概不退款(未进行购买下载可退充值款),文档一经付费(服务费)、不意味着购买了该文档的版权,仅供个人/单位学习、研究之用,不得用于商业用途,未经授权,严禁复制、发行、汇编、翻译或者网络传播等,侵权必究。
4、如你看到网页展示的文档有www.zixin.com.cn水印,是因预览和防盗链等技术需要对页面进行转换压缩成图而已,我们并不对上传的文档进行任何编辑或修改,文档下载后都不会有水印标识(原文档上传前个别存留的除外),下载后原文更清晰;试题试卷类文档,如果标题没有明确说明有答案则都视为没有答案,请知晓;PPT和DOC文档可被视为“模板”,允许上传人保留章节、目录结构的情况下删减部份的内容;PDF文档不管是原文档转换或图片扫描而得,本站不作要求视为允许,下载前自行私信或留言给上传者【可****】。
5、本文档所展示的图片、画像、字体、音乐的版权可能需版权方额外授权,请谨慎使用;网站提供的党政主题相关内容(国旗、国徽、党徽--等)目的在于配合国家政策宣传,仅限个人学习分享使用,禁止用于任何广告和商用目的。
6、文档遇到问题,请及时私信或留言给本站上传会员【可****】,需本站解决可联系【 微信客服】、【 QQ客服】,若有其他问题请点击或扫码反馈【 服务填表】;文档侵犯商业秘密、侵犯著作权、侵犯人身权等,请点击“【 版权申诉】”(推荐),意见反馈和侵权处理邮箱:1219186828@qq.com;也可以拔打客服电话:4008-655-100;投诉/维权电话:4009-655-100。