Legal Issues in International Business Transactions

Tom Hill

Legal Issues in International Business Transactions
Prof. Thomas Hill
Chicago-Kent College of Law


This course will examine key business and legal issues confronting international commercial transactions. After a short historical overview, we analyze some typical transactions, such as the complex international purchase and sale transaction; global freight and delivery arrangements, including the INCOTERMS; cross-border joint ventures and alternatives to same, such as distribution arrangements and licensing and technology transfers; and direct foreign investments. Thereafter financial arrangements will be analyzed, including letter of credit mechanics; international payment transfers; currency issues; trade credit risks; and sources of financing, such as conventional bank financing, project finance and unconventional or alternative sources of financing. We will further review methods of dispute resolution, including pre-dispute planning and tactics; mediation; arbitration; and litigation. Finally, a few of the major institutions that impact international business will be examined, including the WTO and customs regulations; the international monetary regime; sovereign immunity, expropriation and acts of state; recognition and enforcement of foreign judgments; and the Vienna Convention on International Sales of Goods. If time permits, the course will also offer a short overview of the key concepts of international taxation.

(rev. 2012)