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Home > Journal

Law, Contract & Reputation in International Business: What works?

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T.W. Wälde (†)
Wälde (†), Thomas

Article from: OGEL Archive issue , in International Oil, Gas & Energy Dispute Management

Summary

The paper by Manfred Perlitz discusses the managerial challenges posed by the absence of a stable legal system ("rule of law" - "Rechtssicherheit"). He uses as main criteria the "enforceability" and written character of law. In his view - reflecting probably the consensus of management sciences - the absence of a stable and suitable legal system is a disincentive for trade and investment. Such disincentives can be overcome (only) in countries presenting very attractive business opportunities, but requires the application of a number of risk management techniques, many of ...

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Suggested Citation

T.W. Wälde (†); "Law, Contract & Reputation in International Business: What works?"
OGEL Archive issue, www.ogel.org

URL: www.ogel.org/article.asp?key=832

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