Discuss the below:
Legal operations in international business
• Using the Internet and the library, select two countries of your choosing, and research their laws and regulations pertaining to the settlement of disputes that arise through business transactions.
• Address the following questions:
o What are the benefits of utilizing the negotiation process first?
o How much power and authority could the WTO enact during this process?
o What are the implications of choosing private law to seek ratification? Explain.
• What are the ramifications of choosing the governing law? Explain.
• Compile your responses into a Word document of 800 words.
You should reference at least 2 sources from your library research