Table of Contents INTRODUCTION...........................................................................................................................1 MAIN BODY...................................................................................................................................1 1. Sources of law in UK...............................................................................................................1 2. Delegated legislation................................................................................................................2 3. Hierarchy of courts..................................................................................................................2 4. Potential impact of company law, employment law and contract law on a business..............4 CONCLUSION................................................................................................................................5 REFERENCES................................................................................................................................6
INTRODUCTION Business law cover all the laws that is used to governs business and it further deals with private as well as public law. Moreover, the law also regulates corporate contracts, hiring practice and manufacturing and sales of consumer goods. The entire report main purpose is to describe the importance of business law and it describe sources of law and how it affect the UK law. Further it describe the delegated legislation and then describe the hierarchy of courts in UK. Lastly, it describe the potential impact of company law, employment law and contract law. MAIN BODY 1. Sources of law in UK There are different sources of law in UK which are as mention below: Primary legislation:It is the highest form of law in UK and it is mainly used to protect the citizens of the state from harm and also assist to protect their rights as well in order to ensure for their justice. In this, the principle legislature is UK parliament and it has the power to pass laws. Therefore, there are several stages of creating law and it is passed by both House of Common and House of Lords (Terziev, Petkov and Dragomir, 2018). In that mean time, the bill goes through different stages such that first reading, second reading, Committee stages, Report stages and Third Reading and when both houses are agree then the bill is given to Royal Assent and then it becomes a law. Delegatedlegislation:AlsoknownasSecondaryLegislationandcreatedbythe government. Further, it is also refers to those laws that which are made by the bodies to whom the parliament has assigned law making authority (Weatherill, 2018). This law is used to save parliament's time and extra work so that it can be used in emergency if a new law is needed. For instance, it can be used to ban the manufacturing of tobacco which are life threatening. Common Law:The law is different to primary legislation and made by Parliament of UK and it may create and abolish the laws but on the other side, the judges make judges have to interpret the statute law. Further, the judges should also taken into account the judicial precedent and even the final decision are also taken by Supreme Court. EU law:its main principle is to describe the relationship between EU law and UK law and also make sure that EU rules are applied uniformly and also have direct effect upon the people as well such that free movement, non- discrimination (Foster, 2018). Even the people also use EU law in court against government or private companies (at the time of breach EU law). 1
European convention on Human Rights:it is set up in 1959 and also make sure that all the human right are protected. It is the agreement to protect the rule of law and also boost republic in European countries. 2. Delegated legislation Delegated Legislation is passed by the government minister and it is mainly used to fix the date on which the Act of Parliament so that it will come into force, setting fees for a public service. It is derived from its parent act so that it will help to save Parliament's time which can be used further in the case of emergencies. The legislation is created by delegated legislation that must be made with an aim to laid down in Act (Akdeniz, Taylor and Walker, 2018). It also contain many administrative detail which are essential to make sure that acts are operate in successful manner. Therefore, regulation and statutory rules are consider common form of Delegated legislation and this is made by executives and then applies to the general population. Delegated Legislation is form to make amendments in law without having wait to pass any new law (Kapardis and Farrington, 2016). For example, the law can be used to ban new drugs that are cause life threatening and it can b further add under the list of Misuse of drugs Act, 1971. 3. Hierarchy of courts The structure of court is as mention below: 2
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Supreme Court of UK:It is the highest body of civil Judiciary in UK and it is the court in which final appeals are made when it comes to civil cases in England and Wales (Hierarchy system of Court,2018). There are different types of cases heard in Supreme court such that original jurisdiction action that is brought by one state against another and it also headed those cases that affect the whole population. These type of cases are resolve by Justice of Supreme court. Court of Appeal:It has two division such that Criminal and Civil division, in which the Civil division hears the appeals come from High court, the Tribunals and county court but in some circumstances. In this, the civil division main aim is to regulate the relationship between 3 Illustration1: Hierarchy structure of court (Source:Hierarchy structure,2018)
individual and organization by solving disputes (Ford, 2018). While on the other side, criminal division main aim is to punish the criminal for team and these type of cases are heard in Magistrate court. These type of cases are resolve by Lord Chief Justice, Head of Division and Court f Appeal Judges. High Court:This court have three division and High court and Deputy High Court Judges resolve the issues at different level. Further, the High court hear the cases over £1000000. Queen Bench Division:This division mainly handles different cases related to contracts in region. Family Division: It deals with divorce, disputes over children, property and money etc. Chancery Division: It solve the cases related to family law and matrimony. County Courts:The court is in 92 towns across all England and Wales and it mainly handle cases related to civil issues and the judges who solve the cases under County Court are district and circuit judges. The court hear the cases who have a value£10000-£100000. The Tribunals:This court look after the cases related to immigration, employment and child welfare cases and in UK there are separate areas across all (Beatty, Samuelson and Abril, 2018). Moreover, there are other tribunals such that School Exclusion Panels as well. For every case, there are different judges hire who make their final decision such that form employment appeal tribunal, employment appeal judges and members, or upper tribunals, upper tribunals judges are sit etc. 4. Potential impact of company law, employment law and contract law on a business Company law:Company law mainly deal with law governing the rights, relation and conduct of person and it have potential impact upon the business. For that the company have to submit annual accounts and if the firm make some changes in the company then they have to keep inform. Further, if the firm employ extra staff in order to deal with administrative jobs, then it is the duty of the firm to pay extra money and time to those employees so that it will creates positive impact (James, 2017). On the other side, if annual accounts and confirmation statement is not filed with Companies House then as per prescribe, they have to impose penalties and may be its officer can be defend, firm can be stuck- off from register. Therefore, it shows that company law creates potential impact upon the companies. 4
Employment law:If the company found with any mistreatment, unfair dismissal and injury at work then that employee make take the business in court as per employment law. As a result, it damage the reputation and it takes a lot of time to prepare the case (Mayss and Reed, 2018). Further, cost of solicitor is also high and if the business indulge in such case, it may lose out on other work that cause a big damage. In addition to this, the company have to pay damages or compensation to another party, overall a heavy loss may be beard by the firm if it will not comply with employment law. Contract law:This law also affect the business such that while dealing with global level, the company have many contract such that supplier contract etc. If the business breached any contracts, then it directly damage the reputation and as a result, the company pays legal fees as well i.e. court fees (Merry, Davis and Kingsbury, 2015). Moreover, breaching any contract law also leads to loss in financial performance and also takes enough time to preparing and solving the case. Therefore, it also have a potential impact upon the business. CONCLUSION By summing up above report it has been concluded that business law plays a crucial role in order to govern the entire country in better way. Such that from the report it has been concluded that there are five main types of sources of law such that Primary legislation, delegated Legislation, common law, EU law and European convention on Human Rights etc. Further, report concluded that secondary legislation mainly used to add detail to Act of Parliament and also fill the gaps and then study determine the hierarchy of court and concluded each section of court have their own roles and judges who solve disputes at their own level. Lastly, report concluded that contract, company and employment law have their potential impact upon the business. 5
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