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Business Law INTRODUCTION 1 Activity 1: Laws, Regulation and Standards in the UK

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Added on  2020-12-31

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Business law INTRODUCTION 1 Activity 1 1 P 1 Different sources of law in the UK 1 P 2 Role of government in making laws1 Application of statutory and Common laws in the justice court 2 M 1 Evaluation of the effectiveness of the legal system regarding recent reforms and development3 P 3 Illustrating impact of employment, company and contract law in the business in the UK 3 M 2 Identification of difference between legislation, regulation and standards and their impact on business 4 D 2 Coherent and

Business Law INTRODUCTION 1 Activity 1: Laws, Regulation and Standards in the UK

   Added on 2020-12-31

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Business Law INTRODUCTION 1 Activity 1: Laws, Regulation and Standards in the UK_1
Table of ContentsINTRODUCTION...........................................................................................................................1Activity 1.........................................................................................................................................1P 1 Different sources of law in the UK.......................................................................................1P 2 Role of government in making laws.....................................................................................1Application of statutory and Common laws in the justice court.................................................2M 1 Evaluation of the effectiveness of the legal system regarding recent reforms anddevelopment................................................................................................................................3P 3 Illustrating impact of employment, company and contract law in the business in the UK. .3M 2 Identification of difference between legislation, regulation and standards and their impacton business..................................................................................................................................4D 1 Coherent and critical evaluation of the legal system and law .............................................4P 4 Legal formation of different types of business organisation................................................4P 5 Management and funding of various types of businesses.....................................................5M 3 Detailing the pros and cons of their formation....................................................................6D 2 Critical review of different types of business organisation..................................................7P6 With examples identifying and recommanding different legal solutions for a range ofdisputes........................................................................................................................................7M 4 and D 3 Comparing and Evaluation of the different sources of legal advise .....................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
Business Law INTRODUCTION 1 Activity 1: Laws, Regulation and Standards in the UK_2
INTRODUCTIONBusiness or commercial law is a body of law governing the direction of the businessoperations and activities in legal direction. This law requires adhering with all the legalrequirement while carrying out the activities of organisation. An entity is required to follow lawssuch as health and safety, employment, equality, contract, company, competition and manymore. In the present report a new started company is given an over view of the English legalsystem with sources of law, role of government in making law. In the report the impact ofvarious laws on a business is defined and with differentiating regulation, legislation andstandards. The offer advice and guidance on employment law and dispute resolutions is given.Moreover, various forms of business organisation, there management and funding infomania isincorporated in the report. In the last section of the report legal solutions are given for caseexample along with Alternative dispute resolution along with their critical evaluation.Activity 1P 1 Different sources of law in the UKThe various sources of law for UK legal system are:Legislation: The legislation are divided in to two parts the primary and delegatedlegislation. Under the primary legislation the laws are made by the act of parliament where boththe houses follow legal procedure to make laws. For the delegated legislation the publicauthorities, ministers and the local bodies are given the power by the parliament to form the law.Directives: the directives are given by the EU to its member states which creates aunanimity in application of laws in all its members. Till date UK is part of European union andthe directive given under EU laws are applicable to this legal system.Treaties: are agreements with the internation trade and other treaties entered in by UKwith foreign nations under trade and commerce between nations (Miller and Jentz, 2017). Theinternational laws are applicable to the UK and this forms a part of the Legal system of UK aswell. Case law: is the first source of UK law where the decision of trials and ruling are madelaws with the doctrine of Judicial precedent. The decision forms part of law as the lower courts isrequired to follow the ruling in the cases of same subject matter.1
Business Law INTRODUCTION 1 Activity 1: Laws, Regulation and Standards in the UK_3
P 2 Role of government in making lawsThe process start with formation of draft legislation by the political parties or publicauthorities who are interested in making law. This is presented to the cabinet ministers forapproval and before presenting the same to parliament. When minister approve it, the same isrepresented to either one the two houses of the parliaments where it goes thorough followingprocedure:The bill is introduced by the first reading where title of the bill is read out and facts arepresented that what actually is going to be discussed in the future. In the second reading theparticiples of the bill is discussed and voted upon on its further continuation. After this bill ispresented to house committee in the committee stage (The English legal system, 2018). Here adebate is carried on and amendments are made in the bill. The bill is again referred back to thehouse through the report stage where changes made in earlier stages are considered and debatedupon. From here bill goes to the third reading where small debate is done and Voting is done offinal acceptance and rejection of bill. No changes at this stage are made.From here bill is referred to another house of parliaments where if any changes are madeit is sent back to first house to consider the changes. This process of to and forth of bill continuestill both reach to same approval. The last stage of bill to form into law is getting a approval fromthe queen and with receiving an assent the bill becomes a law.Application of statutory and Common laws in the justice courtStatutory law: are made through the act of parliament which and there complusoryrequirement on all the court to follow the statue laws. No court or judge have a right or power toquestion a statue law and they can not interpret laws on their discretion powers. The laws mustbe interpreted thought taking assistance from internal and external aids (Davidson, Forsythe andKnowles, 2015). This includes explanatory notes, definition section of acts, dictionaries, textbooks, academic writing, Hansards. Such as in case of Pimlico case the judges interpreted thesection of employment status of the Employment Act m, 1999 to determined the status ofemployee in the organisation. The laws must be applied and interpreted in with is actual essencewithout compromising there meaning in the law.Common law: are made by the parliaments rather they are formed thorough the decisionof lawsuits in trial and courts. The common laws are applied as the decision of the higher courtsis referred by the lower court judges with the cases of same subject matter. Such as the decision2
Business Law INTRODUCTION 1 Activity 1: Laws, Regulation and Standards in the UK_4

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