Legal Aspect of International Business and Enterprise

Legal Aspect of International Business
and Enterprise

Table of Contents
Brief description of the company...............................................................................................3
The industry the company operates in:...................................................................................3
Number of staff in Australia:..................................................................................................3
Number of staff globally:.......................................................................................................3
Location of global headquarters:............................................................................................3
Legislative Regulatory reforms..................................................................................................3
Impact of the legislative regulatory frameworks....................................................................6
Treaties Conventions and Agreements.......................................................................................6
Impact of Agreements on products and services....................................................................7
Bibliography.............................................................................................................................10

Brief description of the company
The industry in which the company operates: Nippon Telegraph and Telephone
was established in the year 1952 as a government company, but in the year 1985, the
company turned into a private company. The company since its inception operates in the
telecommunications industry.
Number of staff the company has in Australia: The organization started its
operations in Australia from 1997 and since then it has given employment opportunities to
more than 200 people in Australia. The country headquarter is in Sydney, New South Wales
(Linkedin , 2018).
Number of staff the company has globally: The Company since its inception has
spread its wings across the globe and has contributed towards employment generation. The
company has provided employment opportunities to nearly 274,844 employees across the
globe (NTT, 2017).
Location of the company’s global headquarters: The global headquarter of the
company is located at Otemachi, Chiyoda, Tokyo, Japan (NTT, 2017).
Legislative Regulatory Reforms affecting NTT
Every country has its own legislative regulatory framework in order to practice control over
the activities of the local as well as international businesses running within the country’s
boundary. The main aim behind the development of these regulations is to make sure that fair
competition is practiced in the market and necessary protection is enjoyed by the companies
in order to safeguard the integrity of the market. The Australian Government as well as other
Government agencies and institutions have developed such legislative regulatory frameworks
in order to govern and regulate the Australian market (Australian Government, 2018). The
Australian market has a national level statutory framework which is designed in order to

make sure that fair business is practiced in the market and the consumers’ rights are
protected. This framework is enforced by the Australian Competition and Consumer
Commission (ACCC) (Australian Government, 2018). It is very important that domestic laws
impose adequate restrictions as well as duties on Multinational Corporations undertaking
business in Australia in order to safeguard the rights of the domestic businesses as well as the
consumers. The major laws that have an impact on working of multinational corporations in a
specific company include privacy laws, environmental laws, consumer laws as well as
property laws (Kinley & Joseph, 2002). The regulations of a country over the
telecommunications industry will govern the prices offered by a company to the consumers
for their services used. In the year 1997, the Australian Government adopted a major
regulatory reform in order to boost the telecommunications industry of the country. The
Telecommunications Act of 1997 introduced open competition in the telecommunication
industry and as a result the multinational companies undertaking telecommunication activities
started to invest in the Australian market. The Australian government came up with country
specific reforms in order to protect the domestic market along with the consumer rights and
also make sure that fair completion is practiced in the Australian market. Nippon Telegraph
and Telephone is a Japanese based multinational corporation. The Australian government in
order to regulate the MNCs coming from Japan came up with regulatory reforms in 1985,
according to which the multinational corporations were allowed to compete in the domestic
as well as international market but they were not allowed to compete with each other.
In the year 1998 the Australian government adopted new reforms in the telecommunications
industry. In this reform, new interconnection requirements were introduced for multinational
corporations according to which Type I network operators were obliged to interconnect and
access was allowed to be offered at wholesale rates along with asking authorised
interconnection agreements to be made public. The designated carriers like Nippon Telegraph