INTRODUCTION TO INTERNATIONAL
COMMERCIAL AND EUROPEAN LAW
Internationaal Recht
Samenvatting van hoofdstuk 1,2,3,4,5,6,7,8,9,10,11,12,13 en 15. Voor het vak Internationaal Recht opleiding Business Studies geschikt. Samenvatting
tevens gebaseerd op de PowerPoints van Inholland.
, CHAPTER 1 & 2 - European Law (Ex. TFEU)
Risk in foreign trade - Private Entities (Ex. ICC: Incoterms)
The EC Legal Order
- ECJ
- EC Treaty establishes an internal market:
involves individuals as well
- EC law has priority over national law
Institutions of the EU/EC:
1. European Parliament
705 Members, directly elected, (gekozen door de burgers)
2. European council
Solution Heads of government
3. Council of the European Union
Trade Credit Insurance
= Council of Ministers
4. European Commission
27 Commissioners: come from every member-state, but must
represent the EU-interests not their national interests.
Appointed for five years (after which there are new elections for
the EP). Operates like a cabinet (government). Daily, executive
power. President of the EC: Ursula von der Leyen.
5. European Court of Justice (ECJ)
Preliminary rulings Article 267
Features (kenmerken) credit insurance:
TFEU: national judge wants to
- Never covers 100% of the risk
obtain the interpretation of EU
- Credit limits per policy, per customer and per country
law from the ECJ
- Each credit limit will specify the maximum payment term
authorized for sales to the debtor
Tasks of the EC:
- Covers the whole turnover of the seller
1. Submit proposal for legislation
2. To execute the policies
International Law
3. To enforce the compliance of
To be found in:
member states
- Treaties (Ex. CMR, Motreal treaty)
COMMERCIAL AND EUROPEAN LAW
Internationaal Recht
Samenvatting van hoofdstuk 1,2,3,4,5,6,7,8,9,10,11,12,13 en 15. Voor het vak Internationaal Recht opleiding Business Studies geschikt. Samenvatting
tevens gebaseerd op de PowerPoints van Inholland.
, CHAPTER 1 & 2 - European Law (Ex. TFEU)
Risk in foreign trade - Private Entities (Ex. ICC: Incoterms)
The EC Legal Order
- ECJ
- EC Treaty establishes an internal market:
involves individuals as well
- EC law has priority over national law
Institutions of the EU/EC:
1. European Parliament
705 Members, directly elected, (gekozen door de burgers)
2. European council
Solution Heads of government
3. Council of the European Union
Trade Credit Insurance
= Council of Ministers
4. European Commission
27 Commissioners: come from every member-state, but must
represent the EU-interests not their national interests.
Appointed for five years (after which there are new elections for
the EP). Operates like a cabinet (government). Daily, executive
power. President of the EC: Ursula von der Leyen.
5. European Court of Justice (ECJ)
Preliminary rulings Article 267
Features (kenmerken) credit insurance:
TFEU: national judge wants to
- Never covers 100% of the risk
obtain the interpretation of EU
- Credit limits per policy, per customer and per country
law from the ECJ
- Each credit limit will specify the maximum payment term
authorized for sales to the debtor
Tasks of the EC:
- Covers the whole turnover of the seller
1. Submit proposal for legislation
2. To execute the policies
International Law
3. To enforce the compliance of
To be found in:
member states
- Treaties (Ex. CMR, Motreal treaty)
