Business Laws Assignment - Stuart and Little LLP

Added on - 21 Jul 2020

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BUSINESS LAWS
Table of ContentsINTRODUCTION...........................................................................................................................1TASK-1............................................................................................................................................1P1 Sources of law and how the organisation complied those laws.............................................1P2 Role of government under law making..................................................................................2M1 Effectiveness of legal system...............................................................................................3TASK-2............................................................................................................................................3P3 Advices under different scenarios..........................................................................................3M2 Analyse the potential impacts...............................................................................................6TASK-3...........................................................................................................................................6P4 Legal solutions.......................................................................................................................6P5 Justifications on basis of appropriate solution.......................................................................7M3 Positive and negative impacts..............................................................................................7TASK-4............................................................................................................................................8P6 Legal Rights of AFG oil company.........................................................................................8M4 Compare and contrast the effectiveness company................................................................8CONCLUSION................................................................................................................................8REFERENCES................................................................................................................................9
INTRODUCTIONThe business law plays down a vital role under any organisation. It is importantfor the business to follow down the business laws and related policies which mostly suited totheir organisation so that any risk will not be involved and work to be conduct in appropriatemanner. It is very important for the business to take care all the laws and take down all thepossible advices from an advocate and attorney who guides down the business related to the lawsthat is applicable so that business can conduct their operations in more smooth manner(Kötz,2017). The present report is based on Stuart and Little LLP which is a most reputed law firm andconduct their operations in London. This report also describes that why there is a vitalimportance of business law and what are the different sources of law that the organisation needto comply while conducting their operations and also describe the importance of governmentunder law forming and so on.TASK-1P1 Sources of law and how theorganisation complied those lawsThere are various sources of law and it is very vital for the business to compliedthose laws while performing their functions so that any risk is not involved and work can beconduct in meaningful form. The different sources of law that the organisation complied it is asfollows:Legislation or statutory laws:It is a law and structure which is set by the legislationunder UK. The law that comes from the legislature are nothing, it is just theparliamentary acts. The parliament is essentially been responsible to bring out thechanges and amendments time to time under law and it is important for the individual,business and society to follow those laws for conducting their successful range ofoperations. It contains article and sections (Zander, 2015). The UK parliament has a rightto create down a new law or to bring down the changes under an existing law. Firstly thebill is passed and then after passing of bill, the law is formed. The bill which going to bepassed firstly discussion is been made on that on both the houses and after discussion theamendment is been added which is been approved by both the houses and the bill goingto become an act only after the royal assent from parliament. In this the legislatureassigned the authority to the local bodies and authorities. For interpretation related tostatues, treaties and customary law, the power is been assigned to the local courts.1
Common law:In UK the legal system is essentially based upon the common law and itincludes the senior appellate who having the ability and power to make down decisionunder that and whatever the decision is made by them are contemplated as a law part.European union law:It is a system that contains the rules and regulations and such lawis operated within the member states of the European Union and it generally means thepriority is assigned to the European law firstly while compared to UK law.Convention on Human Rights:It is considered to be an international law which isessentially formed to protect down the individuals and also talks about their freedom andsaid that it is a fundamental rights of them and this right cannot be restrained by anyonefrom them.Sources of lawThere are several sources that organization much comply with. If they do not follow themthen they may face huge trouble.Statutory laws:It is one of the most important part of law which is regulated by UKparliament. It includes law related with insurance, contract, health and safety etc. Sinceseventeenth century it has become the common source of law reform (Sources of UKLaw.2017).Jurisprudence:It is another source of law that has contributed tin the development oflaw. It is related with the legal customs, divine right, human rights, civil rights etc.P2 Role of government under law makingThe law forming is not a simple procedure but it includes number of proceduresand each authority under this is having its own responsibilities regard to it and all of themconduct accordingly to made down the process successful. The process followed during passingof bill are as follows:Bill:In the first process the bill is drafted by the civil advocates and after that thegovernment instructed that bill which prepared by civil lawyers. It involves mainly threetypes of bills and they are Public, private and private members bill. The law makingprocess in UK is starts with the bill. The public bill is made an impact on the public,society so it is the responsibility of cabinet to form such bills(Friedman and Hayden,2017). The private bills affect is made on individuals so it is the duty of local authority2
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