Impact of international law on tradeBUSINESS LAWA business has to be built within a defined set of framework regardless of its nature and where it is conducted. This structural framework has to be structured on law which provides the various options for the proprietors of the business to choose the best suited to their particular needs. The particular needs of the business proprietors relates to issues such as the business flexibility, the confidentiality of the business data, taxation and the source of finances. Today, the conduct of the business must be within the legal structure which acts as the vehicle for the business conduct. The term company is used in the civil law countries with a meaning of partnership and limited companies. The international business law originated from the customs, multilateral trities, international conventions and aggreements which came together to form a common framework for world trading and market. Trade and business transactions have enhanced the market globalization with the introduction of diverse business and trade laws.
