The legal system of various countries may be based on common law, civil law, religious law, or bureaucratic law. Common law is the type Americans are familiar with, and it is based on the collected court rulings of each and every case heard throughout the history of the United States. Civil law is practiced in the United Kingdom, it is based on a code of rules regarding what is and is not permissible behavior. Religious law recognizes and adheres to the rules and ethics of a particular religion; for example, in Iran, the laws are ba

A pipeline is also being considered to transport Kazakh oil to its target market of Western Europe. The pipeline route would travel around the northern coast of the Caspian Sea to Novorossiysk. A positive aspect is that this route would avoid involving war-torn Chechnya. The negative aspect is that the Kazakhs would have to negotiate and comply with a Russian government. Russia is considered to be at the highest political risk level. The Russian government has been known to impose new tax laws on foreign companies in order to compensate for its own deficiencies in revenue collections. Russia’s government is unpredictable; hence, the next political election could completely alter the current business policies.

Some topics in this essay:
Saudi Arabia, Environment Political, Caspian Sea, United Kingdom, Black Sea, Chechnya Russia, Sea Novorossiysk, Technological Environment, , Xinjian China, political risk, oil natural, political risks, technological environment, caspian sea, oil natural gases, vulnerable political, russian army, natural gases, political environment, pipeline route, vulnerable political risk, chinese national petroleum, interferes firm’s ability, political risk route,