International Law Perspective on Entrepreneurship

Fomcenco and Garufi point out that entrepreneurship, as a concept, is not dealt with in international law. The authors note that traditionally the law is presumed to be closely connected to an identified territory where a State has the supreme right to exercise its jurisdiction. On the contrary, States often work together towards the achievement of common goals or, alternatively, co-operate towards the achievement of different goals but where those goals are achievable by means of collaboration. International entrepreneurs find themselves on the crossroad of these jurisdictions and are challenged by (sometimes) conflicting sets of rules. In this chapter, we center entrepreneurship in the context of international law, while simultaneously call upon further research of the issues raised here, potentially leading to the identification of feasible legislative solutions to the myriad of issues that entrepreneurs and investors with international activities are facing.