International Law and Trade Bridging the East-West Divide

423 Pages·2007·2.75 MB·English

Sylvia Mercado Kierkegaard (ed.)
International Law and
Trade
Bridging the East-West Divide
International Law and Trade Conference
May 10- 11, 2007 Proceedings
International Law and Trade: Bridging the East-West Divide
ISBN13: 978-87-991385-2-4
ISBN10: 87-991385-2-2
International Law and Trade
Bridging the East-West Divide
Ed. by
Sylvia Kierkegaard
International Law and Trade
Ankara Barosu Yaynlar (Ankara Bar Association Press)
1000 Adet baslm tr. (1000 copies)
1.Bask /1. Edition
Telif Hakk © 2007 Iinternational Association of IT Lawyers (IAITL)
Bu kitap Ankara Barosu tarafndan bastrlp da tlm tr. Her bir makalenin telif hakk
eserin yazarna ait olup, yazarlarn görü leri Ankara Barsounu ba lamaz.
This book has been printed and distributed by the Ankara Bar Association. Views
expressed by the writers are not binding on the Ankara Bar Association.
leti im Adresi; (Contact)
Ankara Barosu Ba kanl 
Ankara Adalet Saray Kat:5
(06100) Shhiye Ankara
Tel : [phone]
Faks : [phone]
E-Posta : [email protected]
Web : www.ankarabarosu.org.tr
Bask /printing : Teknoform Basm Yaym Da tm Ltd. ti.
Tel : [phone]
International Law and Trade: Bridging the East-West
Divide
Revised Edition
ISBN13: 978-87-991385-2-4
ISBN10: 87-991385-2-2
All rights reserved . No part of this publication
may be reproduced , stored in a retrieval system
or transmitted in any form or by any means, electronic,
mechanical ,photocopying, recording or otherwise
without the prior written consent of the publishers.
This book has been made possible through the support of the Ankara Bar Association.
[email protected]
Adliye Saray 5.Kat Shhiye/ANKARA
Phone: +90.312.310 55 26(Pbx) Fax: +90.312.309 22 37
International Law and Trade: Bridging the East-West Divide
ISBN13: 978-87-991385-2-4
ISBN10: 87-991385-2-2
Sylvia Mercado Kierkegaard
©2007 by the International Association of IT Lawyers (IAITL)
http://www.iaitl.org/
Copyright
The submission of the paper implies and warrants that the article submitted are the
author(s)’ own work and it does not infringe or violate the rights of anyone else. The
author grants ILTC/IAITL the non-exclusive rights to reproduce and distribute in whole or
in part, the work submitted to the Conference for publication. The agreement does not
cover reproduction for purposes that are essentially commercial. Furthermore, the
author(s) understand that it is their sole responsibility to obtain written permission to
include any copyrighted materials in his/their article. In addition, all trademark use within
the manuscript must be credited to its owner, or written permission to use the name
must be granted. The author(s) will hold the publisher harmless from any unlawful
matter contained in his submitted work. The author(s) in consideration of the publication
of the above named manuscript understand and agree that:
Copyright in the article will remain with the owner of the copyright. By
submitting an article to the conference, the owner of the copyright grants
the publishers with a license to publish the article. The author warrants
that he is the owner of all rights of copyright in the article. Where the
author subsequently publishes the article, the author is requested to
acknowledge the article appeared in the book of proceedings. The
Author(s) will indemnify and defend the Publisher against any claim,
demand or recovery against the Publisher by reason of any violation of any
proprietary right or copyright, or because of any libellous or scandalous
matter contained in the Manuscript. The Publisher will have the right to edit
the work for the original edition and for any revision, provided that the
meaning of the text is not materially altered. This Agreement represents
the entire understanding between the parties hereto with respect to the
subject matter hereof and this Agreement supersedes all previous
representations, understandings of agreements, oral or written, between
the parties with respect to subject matter hereof and cannot be modified
except by a written instrument signed by the parties hereto. This
Agreement shall be binding upon the parties hereto, their heirs,
successors, assigns and personal representatives.
Foreword
International trade law is expanding rapidly during the era of globalization. The rules of
the trade game and global economics are being refined to cope with market liberalization
and intense market competition. Rapid evolution has occurred in several business areas
that would have been difficult to predict only a few years ago. This has been made
possible by new technologies, which provide unprecedented opportunities for economic
development. International trade agreements involving information technology,
international telecommunications and financial services have been concluded within the
framework of the World Trade Organization (WTO), and new international trade policies
are being developed that shape the way trade is conducted. This dynamic business
environment presents continuing challenges as lawyers, businesspersons, and
policymakers seek to stay abreast of current developments.
What then is international trade? It covers a wide and diverse spectrum which is
reflected in this book. The articles shed light on issues such as IPR, arbitration,
environment, IT law, and particular matters in multilateral and bilateral trade
agreements. The articles illuminate controversies and at the same time, contribute to
enrich the legal and economic literature
This book offers a collection of research papers written and presented by some of the
world’s top experts on international trade law and economics at the International
Conference on Law and Trade held in Istanbul on May 10- 12, 2007. The Conference
was organized by the International Association of IT Lawyers in cooperation with
Istanbul Bilgi University, a leading institution in Turkey for the study and development of
technology law. The purpose of the Conference was to build communities among
constituencies interested in these varied yet related topics, including researchers,
policymakers, practitioners, and business people, who are seeking to develop new ideas
and to enhance their understanding of the international trade environment. Access to
the international perspectives of participants representing six continents and more than
two dozen countries provides an enriching and unique experience.
The book has taken shape as a result of contributions from a number of individuals and
through the generous support of the Ankara Bar Association. We are grateful to all the
authors, sponsors, and program committee members, and in particular to those from the
IT Law Research Center of Istanbul Bilgi University
This book provides new perspectives, challenges and recommendations about trade. We
invite you to read more in the following pages.
Sylvia Mercado Kierkegaard
Editor

Table of Contents
International Trade & Maritime Law
A Comparison of US Judicial and NAFTA Panel Review of Trade Remedy Cases ...............................................1
Juscelino F. Colares and John W. Bohn
Sound Science and Trade Barriers: Democracy, Autonomy and the Limits of the
SPS Agreement ......................................................................................................................................................10
Edward Morse
Bridging the Gap in the Doha Talks: A Look at Services Trade ...........................................................................21
Rafael Leal-Arcas
GATT/WTO and MEAs: Resolving the Competing Paradigm...............................................................................31
Abdul Hasseb Ansari
Iraq’s Accession to the WTO: Commitments and Implications..............................................................................43
Bashar Hikmet Malwaki
Need for FLCs in India with Respect to Honouring the GATS..............................................................................53
Krishnendu Sen and Ritankar Sahu
Traditional Knowledge, the CBD and the TRIPS Regime: Synthesising the
Discordant Discourses at the WTO.........................................................................................................................62
Vydyanathan Lakshmanan
Rescuing the Inexhaustible (The Issue of Fisheries’ Subsidies in the International
Trade Policy............................................................................................................................................................71
Ekaterina Anyanova
The Development of Maritime Laws in Malaysia-Selected Issues.........................................................................83
Faizah Nazri Abd Rahman
Trade and Investment
An East-West Contrast of Foreign Direct Investment on Small Business Development.......................................89
David Floyd & Sandhla Summan
Truth Finding: Do Subsidies Continue After Privatization?...................................................................................94
Yu Wu
Foreign Direct Investment in India with Special Focus on Retail Trade..............................................................102
Tanay Kumar Nandi and Ritankar Sahu
Buying Properties in Malaysia? Highlight on Laws, Policies and their Implications
on Foreign Land Ownership.................................................................................................................................115
Nor Asiah Mohamad
World Economy and Globalisation
Globalization and China’s Pathway in Quest for a New Identity........................................................................125
Wei Dan
How To Cope with the Globalization : Recommendations for the EU Novel Members......................................132
Amos Avny
International Law and Trade: Bridging the East-West Divide
Table of Contents
Human Rights and Governance
The Prohibition of Bribery of Foreign Public Officials under the South African Legislation
and the African Union Convention: An Examination of its Strengths and Weaknesses……………………..…140
Omphemetse Sibanda
Structuring Money Laundering Control as Mechanism for Controlling Corruption
In Nigeria: Need for Enhanced International Cooperation...................................................................................150
Charles O.Adekoya
International Human Rights Law: Providing Measurement Tools for CSR.........................................................157
Diego Quiroz-Ornate and Mhairi Aitken
Legal and Technological Developments Concerning eGovernment Services in Poland.....................................169
Paul Przemyslaw Polanski
Democracy and Human Rights: Reappraising the Rhetoric of “Interdependence ...............................................179
and Mutual Reinforcement”
Ubong E. Effeh
Corporate Governance, Business and Finance
The Legal Implications of Reputation Risk Management for Franchisors...........................................................186
Tom Burns
The New EU Services Directive: Metaphor for Europe Today; Model for Expanding
International Harmonization Tomorrow...............................................................................................................196
Patrick Hugg
Relieving the Burden of UK Capital Taxation on Business..................................................................................205
Tim Vollans
Auditor’s Liability towards Third Parties within the EU: A Comparative Study between
the United Kingdom, The Netherlands, Germany and Belgium...........................................................................214
Ingrid De Poorter
Recent Developments of Corporate Governance in the Global Economy
and the New Turkish Commercial Draft Law Reforms .......................................................................................223
Cuneyt Yuksel
Financial Collateral Arrangements........................................................................................................................235
Gulenay Rusen
Virtual Meeting of Shareholders and its Immediate Rewards..............................................................................245
H. Jaap van den herik and Svetla Pencheva
Possibilities of Measuring the Option Clauses’ Value in Sports Contracts:
Empirical Study....................................................................................................................................................251
Ji í Strouhal
Intellectual Property Rights
Taking Patents Seriously.......................................................................................................................................266
Helen Gubby,Pieter Kleve and Richard De Mulder
Intellectual Property Rights from an Islamic Perspective.....................................................................................273
Salah Zaineddin
ITM : Avatars as Trade Marks...............................................................................................................................279
Angela Adrian
The Purpose of Copyright Protection in Jordan & Canada: A Brief Comparison................................................297
Saleh Al-Sharie