Business Law II at TU München

Flashcards and summaries for Business Law II at the TU München

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Study with flashcards and summaries for the course Business Law II at the TU München

Exemplary flashcards for Business Law II at the TU München on StudySmarter:

Why so many "young" democratic countries like Greece, Spain, Portugal wanted to join the EU?

Exemplary flashcards for Business Law II at the TU München on StudySmarter:

Nominalskala (qualitatives Merkmal)

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How is the council of the European Union structured? 

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Give an example of another supranational organization

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What is meant by path dependency?

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How can the EU harmonise or enact laws where it does not have the competencies for?

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What is the European Council?

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How the decision usually made by the council of the EU?

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What is the council of the European union?

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What is included in secondary law according to Art 288 TFEU?

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What are the problems of international patent system?

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What is information asymmetry?

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Exemplary flashcards for Business Law II at the TU München on StudySmarter:

Business Law II

Why so many "young" democratic countries like Greece, Spain, Portugal wanted to join the EU?

There are requirements for joining the EU–>catalyst to improve the state’s structure such as freedoms and democracy (modernization)

Weaker states can get a lot of money through the EU, since the EU is funded by its member states

Business Law II

Nominalskala (qualitatives Merkmal)

Unterscheidung nach Namen, kann nicht geordnet, subtrahiert oder addiert werden

Business Law II

How is the council of the European Union structured? 

 Formed by ministers from member states
 Presidency rotates every six months („Trio“)
 Meets in Brussels or Luxemburg

Business Law II

Give an example of another supranational organization

United Nations

Business Law II

What is meant by path dependency?

The rules that are made today depend highly on the rules from the past

Business Law II

How can the EU harmonise or enact laws where it does not have the competencies for?

directives and regulations

–>council of EU (qualified majority)

and all member states need to agree (principle of conferral)

Business Law II

What is the European Council?

 No formal powers
 Defines major policies of the EU

Business Law II

How the decision usually made by the council of the EU?

Decisions usually by qualified majority

 55 per cent of member states AND 65 per cent of population
 In special cases: unanimous vote required, for example, for further approximation of laws, Art 115 TFEU

Business Law II

What is the council of the European union?

 One of the two primary legislative bodies
 Arguably most important organ of the EU

Business Law II

What is included in secondary law according to Art 288 TFEU?

Regulations

Directives

Decisions

Unwritten EU law principle

Business Law II

What are the problems of international patent system?

 Complex procedures
 Translation costs
 Risk of diverging decisions (courts + patent offices)

Business Law II

What is information asymmetry?

When one party knows more than the other

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