conducting transatlantic business; basic legal distinctions in the us and europe

August G. Minke
Conducting Transatlantic
Business
Basic Legal Distinctions in the US and Europe
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2

August G. Minke
Conducting Transatlantic Business
Basic Legal Distinctions in the US and Europe
Download free eBooks at bookboon.com
3

Conducting Transatlantic Business
3
rd
Edition
© 2012 August G. Minke &
bookboon.com
ISBN 978-87-403-0294-3
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Conducting Transatlantic Business
4
Contents
Contents
Introduction 7
1 Cross-Atlantic Legal Styles 9
1.1 It’s the Law, Isn’t It? 10
1.2 Legislative Process 11

1.3 Consequences for Doing Business 13
1.4 Legal Terminology 14
2 Business Organization 16
2.1 Incorporation 17
2.2 Legal Entities 19
2.3 Shareholders 23
2.4 Directors and Ocers 24
2.5 Piercing the Corporate Veil 25
2.6 Agents 26
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Conducting Transatlantic Business
5
Contents
3 Contracts 29

3.1 Contract formation 29
3.2 Delivery 34
3.3 Commitment to Contracts 35
4 Torts and Liability 40
4.1 Torts or Wrongful Acts 40
4.2 Liability 41
4.3 Punitive Damages 44
5 Human Resources 45
5.1 Written and Oral Contracts 46
5.2 Employers’ duties 46
5.3 Organized Labor 50
5.4 Benets 52
5.5 Termination or Redundancy 53
6 Litigation 55
6.1 Jurisdiction 55
6.2 Discovery 58
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