University International Business Law Final Report - 2021 Semester 2

This comprehensive report delves into the intricacies of international business law, addressing a friend's hypothetical scenario of establishing a foreign trade company. It begins by recommending the optimal enterprise structure, specifically a corporation, and outlines methods for safeguarding shareholder equity. The report then explores crucial aspects of contract law, including different contract types, liabilities, and available remedies. Furthermore, it highlights the distinctions between international and domestic trade, offering guidance on selecting the appropriate International Trade/Commercial Term (INCOTERM) for a contract with a Chinese counterpart, along with the corresponding rights and obligations for both parties. The report covers the benefits of incorporation such as limited liability, financial resources, and specialised management. It also details the importance of asset protection, the role of shareholder agreements, and contract defenses. Overall, the report provides a detailed analysis of the legal considerations vital for success in international business.