This work examines the law and practices relevant to the principal forms of international business and commercial transactions. It includes chapters on negotiating business transactions; the law governing international sales of goods; structuring international sales transactions; the function and substance of international commercial terms; the law governing the international transportation of goods; trade finance (i.e., the financing of international business transactions, especially through letters of credit); digital trade and data privacy; technology transfers, including patent licensing, both voluntary and compulsory; international franchising; the initiation and operation of foreign investments, including regulations affecting investments; expropriation and related investment risks; extraterritorial regulation of international business; compliance law, with a focus on the law combatting corrupt payments to foreign officials; and the resolution of international disputes, whether through litigation in domestic court or through international arbitration. Throughout these broad fields of international business transactions, this new 12th edition analyzes recent treaties, legislation, cases, and other relevant legal developments.


Imprint: West Academic Publishing
Series: Nutshells
Publication Date: 05/28/2025

Ralph H. Folsom, University of San Diego School of Law

Michael P. Van Alstine, University of Maryland School of Law

Michael D. Ramsey, University of San Diego School of Law

Matthew P. Schaefer, University of Nebraska College of Law

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Principal Changes in the 12th Edition

  • case law and other updates on international sales law;
  • updates on the 2020 changes to Incoterms;
  • substantially enhanced treatment of trade finance;
  • substantial updates on the protection of data privacy, especially under the EU’s General Data Protection Regulation (GDPR);
  • expanded analysis of the financing of international deals, especially relating the Cape Town Convention on international security interests;
  • updates materials to give more consideration to strategic competition considerations in technology transfers and the private transactional consideration of technology transfers;
  • updates the compulsory licensing possibilities of pharmaceuticals and vaccines post-COVID;
  • now covers in much greater detail halting intellectual property infringing imports through administrative processes under Sec. 337 and the possibilities of halting “gray-market” imports

Learn more about this series.