More and more businesses are now operating on a global level. This means many companies are having to adapt their practices to successfully operate in international markets. Whilst this opens the door to new commercial opportunities and revenue streams, it also involves businesses having to navigate an increasing number of legal complexities. All of this means international law – and those who practice it – play a critical role in managing how companies operate around the world.
Written by Grant Longstaff. Published 19 February 2025.
What is international business law?
International business law refers to the legal regulations that govern how businesses operate with one another across national borders. It can cover a wide range of legal areas including contracts, dispute resolution, employment, intellectual property, and trade.
Why do we need international business law?
International business law ultimately ensures businesses can operate as smoothly as possible whilst complying with the regulations and laws of other countries. It lays out common practices and standards which can build trust between nations, enables efficient transactions and goes a long way to reducing the risk of legal disputes.
Things to consider in global business
There are several key legal considerations when it comes to operating in international markets. We’ve broken down some of the most common below.
International trade compliance
Trade compliance means businesses must adhere to the laws and regulations which govern the import and export of goods between the countries involved. There are many aspects to this, which could include trade agreements, tariffs, permits, licences and sanctions.
Employment law
Every country will have its own employment laws and when businesses operate internationally they must manage these differences to ensure all of their staff are treated fairly and correctly. Understanding various employment laws is crucial to international trade and business.
Tax
Tax can be complicated, especially if carrying out international business. A fundamental part of business operation is knowing the tax laws of the country in which they operate.
Finance
Managing finances across borders may involve working with different currencies, exchange rates and financial regulations. Businesses must have strategies in place to ensure compliance in each jurisdiction.
Intellectual Property
Protecting intellectual property (IP) is crucial when a business operates internationally, as different countries have differing levels of IP safeguards. Businesses need to protect their trademarks, copyrights and patents to defend their brand and prevent misuse.
These are just a few examples which show the importance of international business law. Other legal considerations could include how a company is structured, environmental considerations and even how – if the time comes – a business ceases international trade.
The role of international business lawyers
International business lawyers are those who can help a company navigate the legal complexities of operating on a global scale. As an international business lawyer, you would help organisations understand and comply with the laws which could affect the business. This could include, but might not be limited to:
- Advising on trade regulations and ensuring businesses adhere to international trade laws.
- Drafting contracts or contract negotiations.
- Dispute resolution and managing conflicts which arise through litigation if necessary.
- Securing and enforcing IP rights in the countries the business operates.
- Advising on how the company operates and is structured in order to navigate regulations.
- Advising on mergers with, or acquisitions of, other companies.
Understanding and applying international law is not just about compliance. If you’re able to help a business operate effectively within an international legal framework you could help them increase revenue, save money, enhance their reputation and enter new markets.
How to I become an international business lawyer?
The route to a career in international business law is much the same as any other legal career. Once you’re qualified, you could look to work with a law firm who acts on behalf of an international business, a firm which operates internationally, or work in house for a company or corporation with a global presence. That said, there are some steps you can take if you’re particularly interested in international law to help increase your career opportunities.
Work experience with an international slant could help you gain some formative skills and knowledge for business operations around the globe, as a solid understanding of these legal principles will be invaluable. It might also help to decide on an area of the law you feel passionate about practising as this could help you become a specialist in a particular area.
If you’re looking for formal qualifications we also have a range of postgraduate qualifications which could help enhance and focus your skills in a chosen area. If you’re interested in arbitration our LLM in International Arbitration could be perfect. Alternatively, if how businesses operate logistically and commercially appeals to you, we also offer LLM’s in International Commercial Law and International Corporate Governance. If numbers are more your thing then the LLM in International Finance Law might be the way to go. Finally, if you’re undecided about which practice area is best for you, we offer an LLM in International Business Law, designed to give a balanced knowledge of international trade and business.
No matter which path you choose you’ll help businesses build stronger bonds between countries, companies and help them expand around the globe.
Many of our postgraduate qualifications are available to study online for those who want a more flexible approach to study. Discover our range of online courses and enrol today.
