Understanding each country legal system is very important because it reflected
the corporate laws and the business environment. The Anglo-Saxon legal system is
different than many countries in Europe. Anglo-Saxon legal system can be described
as a Common law system where the law is interpreted by the judges where many
countries in Europe; the law is described as a civil law system where the law is made
by scholars and legislators. The Anglo-Saxon legal system tends to focus more on the
firm as a legal entity and relationship between the firm and its investor while many
countries in Europe’s legal system tends to give a greater attention on the physical
entity such as buildings, equipment, workers and other stakeholders..