Summary: International Trade
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Read the summary and the most important questions on international Trade
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1 belgian commercial Law
This is a preview. There are 3 more flashcards available for chapter 1
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What is legislation in commercial law?
National and international law
bilateral and multilateral treaties
law of the EU: directives and regulations -
What is jurisprudence in international law?
Body of decisions by tribunal and court
binding between two parties
influential towards third parties -
What is doctrine in commercial law?
Articles written by lawyers
these are not binding but can have influence on jurisprudence. -
What is customary law in commercial law?
Historical roots
but very limited nowadays -
1.1 general requirements
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What are the 6 general requirements for starting a company in Belgium?
- Enterprise database
- bank account number
- VAT- number
- social security number
- acces to independent profession
- bookkeeping
- Enterprise database
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What is an enterprise database?
This is used by companies to manage their huge amounts of data, it should help improve productivity and automise processes. -
what is the difference in bookkeeping for small and big companies?
For small companies it is a verylimited entry, for big companies you have doubleentries accounting . -
Acces to independent proffesion
Don't know -
Which 3 VAT differences are there for companies
Small: exempt
medium: quarterly turnover declaration
big: monthly turnover declaration -
1.2 setting up a company
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What is the definition of a company? (4points)
- Cooperation between one or more persons
- who agree to contribute goods or services
- to do business
- with the objective to provide a pecuniary advantage to the associates/shareholders
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