Legislation. Legislation is another word for law enacted by a government’s legislative branch. The most important piece of legislation is Acts of Parliament. The principal legislature is the only body in the UK Parliament with the authority to pass legislation in England, Scotland, Wales, and Northern Ireland. The UK Parliament is made up of two houses: the House of Commons and the House of Lords.

Legislation. Legislation is another word for law enacted by a government’s legislative branch. The most important piece of legislation is Acts of Parliament. The principal legislature is the only body in the UK Parliament with the authority to pass legislation in England, Scotland, Wales, and Northern Ireland. The UK Parliament is made up of two houses: the House of Commons and the House of Lords.

Common-Law. Common law is a judge-made law based on British customs and social traditions. It is entirely independent of parliament and is created by judges sitting in court. Because the United Kingdom is a member of the European Union, laws enacted by the European Union are followed rather than laws enacted by the Supreme Court.

Conventions. Conventions are laws that govern how things should be done but are not legally binding. The convention’s three key components are “the separation of powers,” “the supremacy of parliament,” and “the rule of law” (Honeyball, 2016). The concept of separation of powers is based on the idea that state power is divided into three levels: executive, legislative, and judicial. The government represents the executive level, while parliament represents the legislative level. Judges represent the judicial level.

Noncompliance has the effect of piercing the corporate veil. If a firm fails to meet “its compliance standards, a court may rule that the corporate veil has been pierced and that the persons who own or oversee the business are personally liable for the company’s debts or legal wrongdoings” (Akalp,2020) As a result, a thorough examination of a company’s procedures and financials is required. Aside from that, financial penalties such as fines, back taxes, interest, and other penalties will be imposed, and the corporation will be held accountable. Furthermore, a corporation may be suspended or dissolved as a result of non-compliance warrants, and its owners may be imprisoned if their personal activities were illegal or careless (Akalp, 2020). Finally, the organization’s reputation will suffer as a result of a corporation undermining customer and vendor confidence and limiting future opportunities (Akalp, 2020).

The government’s role in legislation. Legislation must be approved by both Houses of Parliament, the House of Commons and the House of Lords. There are 650 members of Parliament, usually known as MPs, in the House of Commons. Individuals in the United Kingdom vote for an MP in their constituency using the first past the post method. The House of Lords, on the other hand, has eight hundred members of parliament, six hundred of whom are nominated by the Queen herself. The remaining members of parliament in the House of Lords hold aristocratic titles.

In the United Kingdom, all parliaments participate in the development of legislation before it is accepted, recommending amendments to draft laws. The type of parliamentary system influences the legislative process. In British systems, for example, the executive arm of government drafts the majority of laws, while the parliament’s primary role is to review, alter, and adopt legislation. Aside from that, Members of Parliament can introduce draft legislation, but only a small percentage of these draft laws make it to the committee stage, and even fewer are passed.

Members of Parliament under presidential systems, on the other hand, have a greater opportunity to write draft laws prior to the review, alter, and passing stages. More hybrid systems have been implemented, allowing legislative committees to design and present draft laws.

In order for a parliament to adopt legislation, MPs must be competent of studying and assessing draft legislation, changing laws, and examining new rules that have been proposed. Whereas parliamentarians, particularly committee personnel, must be able to legally write and analyze legislative processes.

The primary distinction between common law and statutory law is that common law laws are formed by judicial judgements, whereas statutory laws are written legislation that is enacted by the legislature, the country’s government, and individuals who are members of society. Common law is derived from “judgments issued in the last few of hundred years, whereas statutory laws are based on statuses” (Diffen, 2020). The “one where judgements rendered constitute new laws where there are no statutes and the other where judges interpret the existing law and decide new boundaries and distinctions” of common law (Diffen, 2020). Because “laws passed by federal and state governments, ordinances passed by towns and cities all having the power of the law,” “there are laws enacted by federal and state governments, ordinances passed by towns and cities all having the force of the law” (Diffen, 2020).

Common law begins with research analysis, the location of previous relevant cases, the extraction of statements and the sentence issued to finally decide the applicable common law, whereas statutory laws are already written and just need to be applied to a specific situation” (Diffen, 2020). The government of a state or nation adopts statutory laws, which are arranged and codified into law” code (Diffen, 2020).

Employment law is a branch of law that deals with employment contracts. It is defined as the agreement between an employer and an employee that one will work for the other in exchange for monetary compensation” (SlaterGordon, 2020). It ensures the safety of workers and employees. Employment law addresses a wide range of workplace issues, including age discrimination, bullying, and harassment, disability, discrimination based on race, religion, sexual orientation, or gender, dismissal and employee grievances, employment contracts, equal pay, holiday pay, minimum wage, parental leave, redundancy, and working hours (Croner,2020) The national minimum wage is an example of employment law. It assures that all workers, regardless of age, are paid a minimum wage. Employment legislation has an impact on organizations since it can reduce employee productivity. According to Kim and Jang, tourism and hospitality lecturers, a hike in the minimum wage has resulted in higher production in the restaurant industry (Kim & Jang, 2018). As a result, they recommend that restaurants continue to raise their minimum pay every two years in order to maintain employee engagement and productivity. This benefits a company because greater productivity has a direct impact on sales, brand reputation, and customer experience.

Furthermore, contract law refers to the law that “represents an agreement between two or more parties” (Legal Career Path, 2020). A ‘legally binding’ contract, according to a former solicitor, is a ‘voluntary agreement between the parties that is legally enforceable’ (Laver, 2020). Every day, people are confronted with contracts, such as going to an off-license. A consumer who visits the off-license and decides to buy something enters into a contract with the off-license; payment of money for alcohol and smokes. Aside from that, companies have “commercial arrangements with their suppliers for items in exchange for money in order to fulfill client orders” (Laver, 2020). Contract law concerns businesses because they must ensure that all contracts they enter into, whether with other suppliers, employees, or customers, are agreeable. A contract or agreement can build commercial partnerships by assuring a supplier that the businesses will agree to and follow the conditions. This will increase supplier confidence and trust, as well as motivate them to continue delivering goods or services to a company.

The body of laws, rules, regulations, and procedures that govern the establishment and functioning of corporations is referred to as company law (Legal Career Path, 2020). It is the “body of law that regulates legal entities” that do business with corporations (Legal Career Path, 2020). The laws address the ‘rights’ and ‘obligations’ of all individuals who establish, own, operate, and manage a business. Company law examples include offering legal counsel to individual proprietors, firms, and corporations, as well as completing paperwork when registering with a company (Axiomstone, 2015). Company Law has an impact on businesses since legal guidance assists business owners in completing and filing paperwork as well as facilitating the legal processes involved in obtaining financing from private individuals (Axiomstone, 2015).

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