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Importance of Laws in Business : Report

   

Added on  2020-07-22

14 Pages4590 Words122 Views
Business Law
Importance of Laws in Business : Report_1
TABLE OF CONTENTSINTRODUCTION...........................................................................................................................1SECTION 1......................................................................................................................................1P1 English legal system and sources of laws companies required to follow.........................1P2 Role of government in law-making...................................................................................3M1 Effectiveness of the legal system.....................................................................................4SECTION 2......................................................................................................................................4P3 A) Employers' legal obligations........................................................................................4M2 Potential impacts of regulations.......................................................................................5B) Employment and contract law...........................................................................................5SECTION 3......................................................................................................................................6P4 Relevant legal solutions....................................................................................................6P5 Enumerating justifications for solutions...........................................................................7M3 Positive and negative impacts of solutions......................................................................8SECTION 4......................................................................................................................................8P6 A) Alternative Dispute Resolution process.......................................................................8B) Providing alternative legal solutions.................................................................................9M4 Effectiveness of different recommendations...................................................................9CONCLUSION..............................................................................................................................10REFERENCES..............................................................................................................................11
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INTRODUCTIONBusiness law is important to be followed quite effectively so that organisation can carryout tasks in the best possible way. The present report deals with importance of laws in thebusinesses. It also discusses about the effectiveness of English legal system to maintain andregulate laws in the country. Moreover, procedure for how bill is passed and becomes law isdiscussed as well. Various case studies are discussed and employment laws are being explainedquite effectively. In addition to this, alternative dispute resolution process is also discussed and isan alternative way of seeking help apart from courts.SECTION 1P1 English legal system and sources of laws companies required to followThe English legal system of UK is divided into criminal and civil laws. These two lawsprovide justice to people against any type of discrepancies which might occur between twopeople or with employers in terms of organisation. Various laws prescribed in the system helpcitizens and also implements laws which are helpful in fair business practices in the best possibleway. The English law is applicable to England and Wales having various courts and process forhandling complains against any wrong doer. The system can be cleared with diagram below-1Illustration 1: English legal system Source: law.duke.edu
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Supreme Court: This court is the apex one of the UK. The cases are filed in this court when notresolved by other courts. As such, it is the final court which hears upon appeal on criminal andcivil cases and provides final judgement. It started operating on 1 October 2009 and is authorisedby Constitutional Reform Act, 2005. All the major cases are being solved by the Supreme Courtof UK. Court of Appeal: This court is second highest one after Supreme Court. This court has twodivisions such as criminal and civil division (Cameron, 2017). Both of them handles complaintsand provide fair judgement. Criminal law is led by Lord Chief Justice and civil law is led byMaster of the Rolls. Civil law handles non-criminal cases and as such, both laws have differentway of working and different procedures for handling any misconduct.Crown court: Crown court is formulated for handling only criminal cases and is one of thehighest court in such cases. It hears appeal from Magistrate courts. It handles cases related torobbery, murder and many more such cases. High court of justice: As the name suggests, it is the highest court which deals with importantand high profile cases. This court has three divisions which are Queen's Bench division,Chancery division and Family division as well. It is led by Lord Chief Justice.Magistrates' court: Magistrates' court is lower level ones and is enacted and formulated byMagistrates' Court, 1980. The cases heard upon are mainly related to family issues and moreoverconsists of robbery, traffic rule violations and several criminal cases as well.County court: Non-criminal cases are handled by County court. The cases are filed against anylegal business and family issues. In this, victim has to be paid amount of money claimed by himby the other person held liable by the court. Sources of laws for companies:Various kinds of law are enacted by UK government from time to time so that fairbusiness practices must be initiated in the country quite effectively. The laws include definingvalid name of the company which is governed by Companies Act, 2006. This Act leads to defineof corporate taxes, duties of directors and many more (Allen and Kraakman, 2016). Other actsuch as European Union law also governs and include financial standard etc. Moreover, statutorylaws help organisations to follow legal framework. 2
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