Business Law in the UK: Legal System, Legislation, and Formation of Businesses

Unit 7: Business Law

TABLE OF CONTENT
INTRODUCTION .....................................................................................................................3
PART 1.......................................................................................................................................3
Legal system and different sources of law.............................................................................3
Reflection of legal system .....................................................................................................4
Key legislation, regulations and standards ............................................................................5
Different law which business have to follow.........................................................................6
Legal formation of businesses................................................................................................8
Evaluation of business organisations management and funded.............................................9
PART 2.....................................................................................................................................10
Case 1...................................................................................................................................10
Case 2...................................................................................................................................10
Case 3...................................................................................................................................11
CONCLUSION........................................................................................................................11
REFRERNCES.........................................................................................................................12

·INTRODUCTION
Business law can be understood as one of the most emerging framework for
companies within global scenario for development and stronger advancement among
management which also maintains high responsibility to adhere for wide legal and ethical
considerations. According to report UK law is highly one of the most profoundly developed
law within constitution framework which follows every business environment. The report
explains business law aspects of UK parliament and government behind passing business law
to maintain ethical functional standards among living standards within country. The report
also further discusses various legislations, regulations and standards which come under
country legal system for bringing on advanced functional strength. Report is divided into two
parts, different basic of business law discussed in the first part and within second part the real
life legal business corporate cases have been discussed with wide focus onto how business
law evolves among all decisions for gaining wide flexible functional levels (Kelly, Hammer
and Hendy,2020).
·PART 1
·Legal system and different sources of law
The legal system of UK government in law making can be understood as one of the
strongest framework which supervises various corporate laws and technically frame various
objectives onto which businesses have to run among company keen functional standards. The

role of government in law making to build on statutory law and various common laws
which are applied among business scenario are known to be highly advanced for bringing on
innovation and commercial advancement through which legal system is properly maintained
for safety of country regulations. The UK has three separate legal systems one each from
England and wales. Scotland and Northern Ireland which reflects its historical origins where
all laws deals primarily with legal system of UK which provides various relevant business
practices along. Currently UK law system is most reputed globally which succeeds in
creation of an effective legal system for various individuals within country and is responsible
to follow various developments. Sources of law are as follows (Jones,2019):


壱Constitutional law: This can be understood as major source and component of law
within country where local government and people of country are responsible for
adhering to each and every legislations which further form effective structure and
advancement within living standards for people betterment.


弐Statutory law: The statutory law is written law passed by legal body of legislature
which is further opposed to oral or customary law formed by the executive or local
communities within the municipality framework for developing effective structure.


参Administrative law: The administrative body of country formulates various laws
and regulations which administer UK governance and always passes various
legislations when it is necessary for development of new laws and functionally
integrating all people for better convenient functional standards.


四Reflection of legal system
The reflection of UK legal system enables us to analyze that it is widely effective in
making happy and legal environment within the society where business law is an integral part
of legal system within UK through which various cooperate adherence can be established
among people living standards. Globally UK legal system is highly appreciative for bringing
on accordance among society within business environment and maintaining effectiveness
within necessary tasks. For example the existing business and companies are generally
known for governing best advancement among all formatives where it has been built in
higher interest for people living standards which forms an effective infrastructure along
(Graw, Parker and Do, 2019).