Eleventh Global Studies Conference

Abstract

This paper investigates the fundamentals of business law, including the rules that are both general and mandatory for national legal systems and for international trade, in order to describe efficient and dynamic business regulations. Nowadays, the legal framework for global business is understood as a guarantee of fair and mutually beneficial trade. Thus, regulation for business is always an actual issue and it asks for continuous developments, in order to ensure speed, efficiency, and productivity in business activities. This research synthesizes business law fundamentals, offering instruments for identifying the milestones for approaching business law education. The main objective of the paper is to identify the fundamental concepts of business law for globalizing higher education. Business law courses in universities worldwide are sometimes compulsory, but they can be optional and their applicability is not limited to law students. This field of research and regulations on the topic will be analyzed both on an international level and in Romania, one of the most successful emerging economies of the Eastern Europe. The main methods of research are documentation review (specialized literature, course syllabi and extended abstracts, case studies) and qualitative and quantitative data analysis, comparison, synthesis, and deduction. The results identify the principles of business law regulation and the features that bring autonomy and credibility to this legal field of study. Final conclusions of the research are also summarized.