Legal System and Laws of UK

BUSINESS LAW

TABLE OF CONTENT
INTRODUCTION...........................................................................................................................1
ACTIVITY 1....................................................................................................................................1
1.1.................................................................................................................................................1
1.2 Potential impact of law on a business....................................................................................4
1.3 Effectiveness of the UK legal system....................................................................................5
1.4 Differentiate between regulations, legislations and standards, and their impact upon
business........................................................................................................................................5
1.5 Critical evaluation of the UK legal system and law..............................................................6
ACTIVITY 2....................................................................................................................................6
2.1 Legal formation of different forms of business organisations ..............................................6
2.2 Funding and managing business organisations .....................................................................7
2.3 review and assess the types of business organisations...........................................................8
2.4 Recommendations .................................................................................................................9
CONCLUSION..............................................................................................................................11
REFERENCES..............................................................................................................................12

INTRODUCTION
Business law helps in encompasses all kinds of laws that helps in dictating ways to run as
well as form a business. This assignment will lay emphasis on UK legal system and legal
solution to resolve case studies related area of disputes.
ACTIVITY 1
1.1
UK law source
There are five main UK law source namely:
 Case law: it is one of the most important part of law making (Hulme, Wood and Xin, 2019).
 Common law: legal system of Wales and England is a kind of common law so the
decision of senior courts become a part of law.
 Equity: it is a distinct part of England and wales law. It is a kind of law body which was
developed by English court which is now mainly administered concurrently with the
common law or case law.
 Legislations: It is a kind of law which is either created by Acts of parliament or by legislature
it is one of the most important part for new laws. Rest of the law sources do not reflect any
kind of changes that can be quickly changed and today it known as passing statute. UK
parliament was once a Principle legislature and it is the only body that has the power to pass
any kind of law that are applied in all the four countries.
 EU law: As it is already known that UK is a part of EU that means laws of EU takes
precedence over laws of UK (Nachemson Ekwall and Mayer, 2018). It can also be said that
EU laws are a part of British laws. European communities Act, 1972 so that EU law can be
recognized as a part of British law. Human rights Act, 1998 has become a kind of domestic
law to incorporate European convection on Human rights.
 International treaties: International is also known as nations law. It is a kind of body of rules
that regulates the conduct of sovereign states in their relations with one another. Sources of
international laws most commonly includes international treaties. International treaties are
one of the most common source of international laws. These are a kid of arrangements that
typically happens between sovereign states.
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 Authorities and Writer: Local authorities of UK have a democratic mandate to pass bye laws
(Lombardo and Mucciarelli, 2019). All kinds of written laws are created by developed
legislation and parliament who can overrise a case law.
Role of government in Law
Government plays a vital role in law making. UK government has four arms and each of the
arm pays a vital and distinct role in law. UK government arms and their roles have been
explained as:
 Monarchy:
 British monarch is limited in power. It is head of the states and head of the nations.
Monarchy serves as public face of Britain.
 They play a vital role as they perform ceremonial and official duties for example:
opening sessions of parliament, prime Minister appointing, honouring citizens of Britain
and representing Britain in international community (Wilke and Macpherson, 2019).
 Executive:
 government machine themselves helps in making Executives i.e. Prime minister, local
government branches like city majors etc., PM office.
 They are mainly responsible for bill implementation that are produced by parliament but
are limited in actions by publicity and Judiciary.
 Legislature:
 Parliament is the British legislative body and it is made up of two main houses: House of
commons and house of lords.
 Four main types of duties are performed by legislature: law passing, tax authoritization
and budget of government, investigating and scrutinizing government administration, and
current issues debating (Croce, Ughetto and Cowling, 2019).
 Judiciary:
 It is the last branch of UK law. It is made up of courts in which supreme court is on the
top. All judiciary branch members have great powers as decision of deciding what kind
of law will actually imply in a given case.
 Power of judges is higher in UK as they do not write laws, so no supreme set of laws are
collected in one place for the citizens.
Law making process
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