Legal Aspects of Business: Company Law and Arbitration

This report provides a comprehensive overview of various legal aspects relevant to businesses. It begins by explaining different sources of law that organizations must comply with, including legislation, common law, and European Union law. The report then delves into the role of the govern...Read More

ESSAY

 P1 Explaining different source of law that organisation must
comply with.
Legislation- All the acts of parliament of UK created by legislature
would be important part of legislation. Parliament of UK is the only
supreme body which is engaged and is having power of pass laws
called legislation which then would be governing 4 countries of
Europe. House of Commons and House of Lords are part of Parliament
of UK which are having 650 and 800 members each respectively
(Bulíček, Gwiazda and Świerczewska-Gwiazda, 2017).
Common Law- All the decisions of senior appellate would be then
becoming part of law and these are governing England and Wales.
European Union Law- All laws which would be applying in EU would
be forming part of judiciary system of UK as it is an integral part of
European Union.

P2 Explaining role of government in law making and how statutory and
common law would be applied in justice court.
Common law:
These are those laws which are formed with the procedures
of decision of court of that particular country instead of any
parliament interference or making any regulations
Statutory law:
While on other hand statutory law are those which are
made with proper legislative process within which all law and
regulations would be formulated with set procedures and voting of
all representative people.

P3 Explaining how potential impact on the business included
To,
Imad
Subject: Advising on Company Law.
Dear Imad,
As you are trying to name your fashion and photography design studio
and getting confused in doing so and this is very common issue which
is faced by any company owner. The name of any company is taken as
symbol of brand which would be easily identifiable on terms of
customers and clients of firm. While on the same hand, state and
federal would not be giving any free rights to you as owner to choose
name of company.

P4 Suggestions of termination of contract, rescue from insolvency and
liquidation.
To: Big House and Simon.
From: Junior Legal Executive.
Subject: Advising company and Liquidator.
Your company could be facing many problems that would be
concerning from like that of termination of contract, rescue from
insolvency and then liquidation. So, you must also be knowing what
could be their solutions in regard to all of them. One of them all could
be that of cash flow problems that arise due to no selling of products
which company is making. Poor income can be a side effect of
something basically amiss with your business and it might be the model
essentially does not work and you may need to leave.

P5 Providing justifications for legal solutions.
To.
Jose gaming Ltd.
Subject: Legal solutions for Jose Gaming Ltd.
Sir,
As per the communication which was made between Jose gaming
company and Simon they both could use the path of arbitration of
resolving their issue which they were facing. Under this solution, there
will be no need for either of them to go to court either they could solve
their issues which are been facing on their internal solution only. With
the help of this arbitration, their money and time both would be saved
and the settlement which then would be formulated would be according
to their both opinion only (Slow and Tax, 2018).

P6 Recommendations with legal solution based upon different country's
legal systems.
Institutional arbitration:
This type of method is basically based on single institutional law
of resolution of matter or issue each big institution is having their own
procedures of resolving issue on the bases of alternative resolution. They
are forming their own law and procedures in regard to this arbitration
which would only be applicable within their own company. Some
arbitration institutions include London Court of International Arbitration
(LCIA) and International Chamber of Commerce (DIAC) in total there
are 1200 companies which are offering this arbitration service to their
worldwide clients (Behling, 2018). If two parties or people are coming
under a certain contract, then their contract would certainly containing
the clause of Arbitration defining that any if any dispute arises then that
would be solved with the procedures without court only

REFERENCES
Arnott, M. and Kelly, R., 2018. Small Parties and Law-making. Exploring Parliament.
p.131.
Behling, F., 2018. Welfare Beyond the Welfare State. The Employment Relationship in
Germany and the UK. In Welfare Beyond the Welfare State (pp. 1-29). Palgrave
Macmillan, Cham.
Bulíček, M., Gwiazda, P. and Świerczewska-Gwiazda, A., 2017. On unified theory for
scalar conservation laws with fluxes and sources discontinuous with respect to the
unknown. Journal of Differential Equations, 262(1), pp.313-364.
Chen, J., 2017. African Data Privacy Laws, Edited by Alex B. Makulilo Data
Protection Law in Ireland: Sources and Issues (2nd edn), by Paul Lambert.

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