International Business Law Assignment

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Table of Contents
 
ABSTRACT ............................................................................................................................... 3  
INTRODUCTION.........................................................................................................................3
BACKGROUND  ON  ICELAND ............................................................................................... 4  
ECONOMIC REVIEW..................................................................................................................5

SNAPSHOT  OF  ICELAND’S  STATISTICS ...........................................................................5

ECONOMIC GROWTH..........................................................................................................6

CURRENCY ...................................................................................................................... 7
INTERNATIONAL FRAMEWORK............................................... 7  
GOVERNMENT   ........................................................................................................ 7  
COURT  SYSTEM............................................................................................... 8  
RELATIONSHIP  BETWEEN GOVERNMENT  AND  BUSINESS ......................................... 8  
FORMS  OF  BUSINESS ...................................................................................................... 8  
PROCEDURES  INESTABLISHING  BUSINESS  ENTITIES  IN ICELAND.......................... 9  
PRIVATELIMITED COMPANY ............................................................................................ 9  
PUBLIC  LIMITED  LIABILITY COMPANY................................................................................ 9  
LITIGATION AND DISPUTE RESOLUTION ..........................................................................10  
BACKGROUND ON FOREIGN INVESTMENTS........................................................................10 INVEST IN ICELAND AGENCY AND TRADE COUNCIL OFICELAND...............................10  

RESTRICTIONS ON FOREIGN INVESTMENTS......................................................................11  
REQUIREMENTS FOR SETTING UP FACILITIES ANDSUBSIDARIES ............................11  
TAXSYSTEM...........................................................................................................................12  
FOREIGN EXCHANGE CONTROLS .......................................................................................13  
FINANCIAL REPORTING FOR CORPORATIONS.....................................................................13 EMPLOYMENT LAWS ..............................................................................................................13  

LABOUR LAWS .........................................................................................................................14  
EMPLOYMENT CONTRACTS AND WORKING HOURS ..................................................15  
RESTRICTIONS ON IMPORTS AND EXPORTS.........................................................................16 COMPETITION LAWS...............................................................................................................16  

INTELLECTUAL PROPERTY TREATMENT..............................................................................16  
SUPPLEMENTARYPROTECTION CERTIFICATE (PHARMACEUTICALS)................17  
INTELLECTUAL PROPERTY RIGHTS EXHAUSTION AND PARALLEL TRADE ..........17  
ENVIRONMENTAL LAWS ........................................................................................................17  
MARKET SURVEILLANCE AND PRODUCT LIABILITY LAWS...............................................18  ...
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