Rules and Networks

Rules and Networks : The Legal Culture of Global Business Transactions

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International business transactions are heavily influenced by culture,practice and rule. The pursuit of business relationships within nation-states can be subject to differences in the generation of norms and the processing of disputes, but these conflicts are magnified many times over in cross-border transactions where nation-state control and support is weak or absent. This book seeks different explanations of the ways in which business people and their legal advisers try to minimise the effect of these magnified difficulties. At the outset the editors suggest four sources through which the international business community might be considered to have supplemented nation-state conflict prevention and dispute resolution institutions-an international legal order; the development of a private normative order based on common business practices (denominated the lex mercatoria); through the efforts and work product of internationalised law firms, and by means of extensive, thick personal relationships often referred to by their Chinese term guanxi.
Since most explanations are dominated by North American and European legal scholarship and practice, a second concern of this book is to open up the discussion to competing explanatory frameworks. Specifically, it develops the notion that global legal convergence may not be the immediate, inevitable result of increased global economic interaction. Rather, less formal mechanisms for achieving normative understanding and predictability in business dealings may also flourish.
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Product details

  • Paperback | 432 pages
  • 156 x 234 x 22mm | 670g
  • Hart Publishing
  • Oxford, United Kingdom
  • English
  • 1841132969
  • 9781841132969

Table of contents

Introduction - the legal culture of global business transactions, Volkmar Gressner et al. Part 1 The new global environment of business transactions: sovereignty and law in a denationalized world, Michael Zurn; the institutional structuring of business transactions, Richard Whitley. Part 2 The role of legal rules -state law and unified law: global law in our high speed economy, William E. Scheuerman; traditional private and commercial law rules under the pressure of global transactions - the role for an international order, Dieter Martiny. Part 3 The role of autonomous rules - the new "lex mercatoria" and self-regulation: "lex mercatoria" (new law merchant) - globalization and international self-regulation, Filip De Ly; "lex mercatoria" - critical comments on a tricky topic, Felix Dasser; global markets, new games, new rules - the challenge of international private governance, Franco Furger. Part 4 The role of the legal profession - mega-lawyers and in-house counsel: capital markets - those who can and cannot do the purest global law markets, John Flood; the role of global law firms in constructing or obstructing a transitional regime of labour law, Harry Arthurs; oil lawyers and the globalization of the Venezuelan oil industry, Rogelio Perez Perdomo. Part 5 The role of business networks - relationism and "guanxi": social logic as business logic - "guanxi", trustworthiness and the emebeddedness of Chinese business practices, Wai-Keung Chung and Gary G. Hamilton; coasean foundations of a unified theory of Western and Chinese contractual practices and economic organizations, Janet Tai Landa; understanding Chinese legal business norms - a comment on Janet Tai Landa's chapter, John K.M. Ohnesorge; a brief note on "guanxi", Tai-lok Lui; comment on Ohnesorge and Lui, Janet Tai Landa; settling business disputes with China, Jerome A. Cohen.
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Review quote

...un outil de travail fort utile, qui dpasse dailleurs le seul domaine des spcialistes en droit des affaires ou en droit international priv, permettant de mieux comprendre les contextes et les modalits dune mondialisation qui se ralise dune manire beaucoup plus sophistique que les explications gnralement admises ne dcrivent ce phnomne. Jean-Pierre Duprat Revue Internationale de droit Compare February 2005
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About Richard Appelbaum

Richard Appelbaum is Professor of Sociology and Global & International Studies,and Director of the Institute for Social, Behavioral, and Economic Research at the University of California, Santa Barbara. William Felstiner is Distinguished Research Professor of Law at Cardiff University. Volkmar Gessner is Professor of Sociology of Law and Comparative Law at the University of Bremen.
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