how business law largely contribute towards country’s development

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Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy” Introduction What is economy of a country How does Businesses help developing an Economy The Law and Business Law in Brief Branches of Business Law connecting all the areas of Business. Practical Examples of Business law cases How Can Business law Largely contribute to towards country’s Economy Conclusion. Higher Diploma in Business & Financial Management Group Presentation- Legal Aspect Of Management 30/05/2022 Business Law- Group 2 1

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Credit goes to all the Group 02Members in HDBFM class for the fantastic work. sharing this PPT just to SHARE the knowledge we gain by preparing and presenting this . Hope this will help in someway

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Page 1: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 1

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy””

Introduction

What is economy of a countryHow does Businesses help developing

an EconomyThe Law and Business Law in Brief

Branches of Business Law connecting all the areas of Business.

Practical Examples of Business law cases

How Can Business law Largely contribute to towards country’s Economy

Conclusion.

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 2: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 2

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

What is Economy of a countryMain parties involve in an Economy.How Does Business Law connects?

Economy

The wealth and resources of a country or region, esp. in terms of the production and consumption of goods and services.

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Main Parties

involved

Private Sector

State Sector

Page 3: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 3

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

WHAT IS ECONOMY OF A COUNTRYMain parties involve in an Economy

How Does Business Law connects

Laws that decide the rights, duties and obligations of persons involved in business, commerce and trade.

Maintains a balance between the interest of the business enterprise and the consumers and regulates the different laws and methods by which any business is conducted

Law as a integral Part of Society. It reflects that values and the current practices of a country where business matters.

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 4: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 4

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

WHAT IS ECONOMY OF A COUNTRYMain parties involve in an Economy

How Does Business Law connects

Setting up business Acquiring

land and Machinery

Recruiting employees

Banking and

Financing

Sale of goods

Agency and

Contracts

Exports and

imports

Debt and recovery

Taxation Dividends

Expansions and Tex benefits

Bankruptcy and

Winding up

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 5: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 5

It talks about continual improvement of Standard of living, security, stability for growth and investment and human rights, which guarantee protection against oppression and discrimination which improve quality of life in term satisfactory and freedom to choose.

“A Developed county is one that allows all its citizens to enjoy a free and healthy life in a safe environment”- Kofi Annan.

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

HOW DOES BUSINESS HELPS DEVELOPING AN ECONMY.

What is DevelopmentWhen does this Development occurWhat Does it requireIn Which ways Development help Economy

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 6: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 6

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

What is Development

When does this Development occurWhat Does it requireIn Which ways Development help Economy

• Capital• Security• Change in Political

balances

Page 7: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 7

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

What is DevelopmentWhen does this Development occur

What Does it requireIn Which ways Development help Economy

Sustainability

Efficiency

New technology

and Investment

Global Drivers

Best practices

Good Frame of Business

Law

Page 8: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 8

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

What is DevelopmentWhen does this Development occurWhat Does it require

In Which ways Development help Economy

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Domestic Produce

Exports and Imports

Infrastructure

Services

Economy

Page 9: How business law largely contribute towards country’s Development

“How Business law Largely contribute towards country’s Economy”

House of Law & Business Laws In Brief

Civil LawCriminal Law

Business Law

Criminal lawThe body of law that relates to crime.

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Business Law/ Commercial Law Is the body of law that applies to the rights, relations, and conduct of persons and businesses engaged in commerce, merchandising, trade, and sales.

Civil Law A branch of common law dealing with relations between individuals or organizations (as opposed to criminal law)

Page 10: How business law largely contribute towards country’s Development

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

“How Business law Largely contribute towards country’s Economy”

What does Businessman need?

Page 11: How business law largely contribute towards country’s Development

“How Business law Largely contribute towards country’s Economy”

House of Law & Business Law

What Does Businessman Need

What is good governance?full respect of human rightsrule of laweffective participationmulti-actor partnershipspolitical pluralism. ect.

Key attributes of good governance transparency responsibility accountability participation responsiveness (to the needs of the

people)

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 12: How business law largely contribute towards country’s Development

“How Business law Largely contribute towards country’s Economy”

House of Law & Business LawHow are good governance and human rights linked?Good governance, human rights and development

How are good governance and humanrights linked?Democratic institutions Service delivery Rule of law Anti-Corruption

Good governance, human rights and development made directly or indirectly by the

international community in a number of declarations and other global conference documents.

‐ Declaration on the Right to Development

‐ Millennium Declaration ect.

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 13: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 13

Main Branches of Business Law

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

13/04/2023 Business Law- Group 2 13

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

Main Branches of Business Law

• Industrial and Labour laws

• Environment laws

• Fundamental • Rights in Business

• Consumer Protection

• Restrictive trade practices

• Monopolies and mergers

• Taxation• Laws against bribery and corruption

Forms of Business

Co, Partnership

s Etc, ,

Contract Law

Property law

Sale of Goods

Intellectual property,

trade marks

Finance and

BankingImports &

exports

Page 14: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 1413/04/2023 Business Law- Group 2 14

Forms of Business OrganizationBenefit of Forming a company legally

Forms of Business Organization Low relating to

Companies, (updated Act 7- 2007) Partnership, Agency, Government Depts., Public Corp.,

Benefit of forming a Company Legal Entity

Recognition Confidence Accountability Legal Protection of Both Co and stake

holders.

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

13/04/2023 Business Law- Group 2 14

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”Branches of Business Law

Page 15: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 1513/04/2023 Business Law- Group 2 1513/04/2023 Business Law- Group 2 15

Forms of Business OrganizationBenefit of Forming a company legally

Industrial Labor Laws, Unions & Industrial Disputes EPF Chaos at Ratnayake EPZ –May

2011 $‘000,000 Revenue loss in 4 days Exports and imports loss Investor confidence Impact on Sri Lanka economy & BOP

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

13/04/2023 Business Law- Group 2 15

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”Branches of Business Law

Page 16: How business law largely contribute towards country’s Development

“How Business law Largely contribute towards country’s Economy”

Branches of Business Law

Acts of ContractsFinancial Acts

Branches of Business Law connecting all the areas of Business.

Law of Contracts Low relates of Finance and

Banking Hedging

Petroleum Corporation hedging case

Business Acquisitions and Land acquisitionis.

John Keels Vs Govt of Sri Lanka.

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 17: How business law largely contribute towards country’s Development

“How Business law Largely contribute towards country’s Economy”

Law of Contracts#Finance and Banking

Branches of Business Law connecting all the areas of Business.

Law of Contracts Low R elating to Finance and

Banking Hedging

Short term loss Long term gain

Business Acquisitions and Land Acqiuisitions.

John Keels Vs Govt of Sri Lanka. Fundamental rights

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Setting up

businessAcquiring land

and Machine

ry Recruiti

ng employe

es

Banking and

Financing

Sale of goods

Agency and

Contracts

Exports and

imports

Debt and

recovery

Taxation Dividen

ds

Expansions and Tex benefits

Bankruptcy and Winding

up

Page 18: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 18

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

Branches of Business Law

Forming a CompanyRecruitmentsIndustrial Disputes

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

13/04/2023 Business Law- Group 2 18

Page 19: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 19

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

WHAT IS ECONOMY OF A COUNTRYMain parties involve in an Economy

How Does Business Law connects

Setting up business Acquiring

land and Machinery

Recruiting employees

Banking and

Financing

Sale of goods

Agency and

Contracts

Exports and

imports

Debt and recovery

Taxation Dividends

Expansions and Tex benefits

Bankruptcy and

Winding up

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management

Page 20: How business law largely contribute towards country’s Development

13/04/2023 Business Law- Group 2 20

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

Practical Examples for Business law and cases

Conclusion(Law as a Ruler, Executor,

Mentor, Administrator, Protector and a Saviour)

“Ways in which ‘Business Law’ can largely contribute towards the development of country’s Economy”

Thank YOU! Group 2

Higher Diploma in Business & Financial ManagementGroup Presentation- Legal Aspect Of Management