The document discusses how business law can contribute to a country's economic development. It defines key terms like economy and development. It explains how businesses help develop an economy and the roles of different sectors. The major branches of business law are outlined, including company law, contracts, banking, and industrial disputes. Specific cases are analyzed and it is argued that business law establishes rules for businesses, facilitates trade, and resolves disputes, thereby promoting a stable environment for economic growth.

1. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business Law’  What is economy of a country
can largely contribute towards
the development of country’s
Economy”  How does Businesses help developing an
” Economy
 The Law and Business Law in Brief
Introduction
 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.
05/04/2013 Business Law- Group 2 1

2. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
Law’ can largely contribute
towards the development
of country’s Economy” Economy
 The wealth and resources of a country or
What is region, esp. in terms of the production and
Economy of a
consumption of goods and services.
country
Main parties
involve in an
Economy. Main Parties
involved
How Does
Business Law
connects? Private
State Sector
Sector
05/04/2013 Business Law- Group 2 2

3. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business Law’  Laws that decide the rights, duties and
can largely contribute towards
the development of country’s obligations of persons involved in
Economy”
business, commerce and trade.
WHAT IS ECONOMY  Maintains a balance between the interest
OF A COUNTRY
Main parties involve in
of the business enterprise and the
an Economy consumers and regulates the different laws
How Does and methods by which any business is
conducted
Business Law
connects
 Law as a integral Part of Society. It reflects
that values and the current practices of a
country where business matters.
05/04/2013 Business Law- Group 2 3

4. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
Setting up
Bankruptcy business
Law’ can largely contribute Acquiring
towards the development of and
land and
country’s Economy” Winding
Machinery
up
WHAT IS Expansions and Recruiting
ECONOMY OF A Tex benefits employees
COUNTRY
Main parties involve
in an Economy
How Does Taxation Banking and
Business Dividends Financing
Law
connects
Debt and Sale of
recovery goods
Exports
Agency and
and
Contracts
imports
05/04/2013 Business Law- Group 2 4

5. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business  It talks about continual improvement
Law’ can largely contribute
towards the development of of Standard of living, security,
country’s Economy” stability for growth and investment
and human rights, which guarantee
protection against
HOW DOES BUSINESS oppression and discrimination which
HELPS DEVELOPING
AN ECONMY.
improve quality of life in term
satisfactory and freedom to choose.
What is
 “A Developed county is one that allows all its
Development citizens to enjoy a free and healthy life in a safe
When does this
Development occur environment”- Kofi Annan.
What Does it require
In Which ways
Development help
Economy
05/04/2013 Business Law- Group 2 5

6. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
• Capital
Law’ can largely contribute
towards the development of
• Security
country’s Economy”
• Change in Political
balances
What is Development
When does this
Development
occur
What Does it require
In Which ways
Development help
Economy
05/04/2013 Business Law- Group 2 6

7. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
Law’ can largely contribute Good Frame
towards the development of of Business Sustainability
country’s Economy” Law
What is Development
Global
When does this Drivers Efficiency
Development occur Best practices
What Does it
require New
technology
In Which ways and
Investment
Development help
Economy
05/04/2013 Business Law- Group 2 7

8. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
Law’ can largely contribute
towards the development of
country’s Economy”
Domestic Exports and
Produce Imports
What is Development
When does this Economy
Development occur
What Does it require
In Which ways
Development Infrastructure Services
help Economy
05/04/2013 Business Law- Group 2 8

9. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“How Business law
Largely contribute
towards country’s Civil Law Criminal law
Economy” A branch of common
The body of law that
law dealing with relations
between individuals or relates to crime.
organizations (as opposed
House of Law & to criminal law)
Business Laws In Brief
Civil Law
Criminal Law
Business Law/
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.

10. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“How Business law
Largely contribute
What does Businessman need?
towards country’s
Economy”

11. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“How Business law Largely
contribute towards country’s What is good governance?
Economy” full respect of human rights
rule of law
effective participation
multi-actor partnerships
House of Law &
Business Law political pluralism. ect.
What Does
Businessman Key attributes of good governance
Need  transparency
 responsibility
 accountability
 participation
 responsiveness (to the needs of the people)

12. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“How Business law Largely
contribute towards country’s How are good governance and human
Economy” rights linked?
 Democratic institutions
 Service delivery
 Rule of law
House of Law &  Anti-Corruption
Business Law
How are good
governance and Good governance, human rights
human rights
linked? and development
Good made directly or indirectly by the
governance,
human rights
international community in a number of
and development declarations and other global conference
documents.
‐ Declaration on the Right to Development
‐ Millennium Declaration ect.

13. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
Main Branches of Business Law
Law’ can largely contribute • Consumer
towards the development • Taxation
Protection
of country’s Economy” • Laws against • Restrictive trade
bribery and practices
corruption • Monopolies and
Forms of mergers
Main Branches of Business
Contract Law
Business Law Co,
Property law
Partnerships
Etc, ,
Finance and Sale of Goods
Banking Intellectual
Imports & property,
exports trade marks
• Fundamental • Industrial and
• Rights in Labour laws
Business • Environment
laws
05/04/2013 Business Law- Group 2 13

14. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business  Forms of Business Organization
Law’ can largely contribute
towards the development  Low relating to
of country’s Economy”
 Companies, (updated Act 7- 2007)
Branches of Business
 Partnership,
Law
 Agency,
Forms of  Government Depts., Public Corp.,
Business
Organization
Benefit of
 Benefit of forming a Company
Forming a  Legal Entity
company  Recognition
legally  Confidence
 Accountability
 Legal Protection of Both Co and stake
holders.
05/04/2013 Business Law- Group 2 14

15. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business  Industrial Labor Laws, Unions &
Law’ can largely contribute
towards the development Industrial Disputes
of country’s Economy”
 EPF Chaos at Ratnayake EPZ –May
Branches of Business 2011
Law
 $‘000,000 Revenue loss in 4 days
Forms of  Exports and imports loss
Business
 Investor confidence
Organization
 Impact on Sri Lanka economy & BOP
Benefit of
Forming a
company
legally
05/04/2013 Business Law- Group 2 15

16. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“How Business law Largely
contribute towards country’s Branches of Business Law connecting all the
Economy” areas of Business.
Branches of
Business Law  Law of Contracts
Acts of  Low relates of Finance and Banking
Contracts
 Hedging
Financial Acts
 Petroleum Corporation hedging case
 Business Acquisitions and Land
acquisitionis.
 John Keels Vs Govt of Sri Lanka.

17. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“How Business law Largely
contribute towards country’s Branches of Business Law connecting all the
Economy” areas of Business.
Setting up
Bankrupt business Acquiring
 Law of Contracts
cy and land and
Winding Machiner
up y
Recruitin
 Low R elating to Finance and Banking
Expansions
g
and Tex
employee
benefits
s
Taxation
Banking  Hedging
and
Dividends
Financing
 Short term loss
Debt and
recovery
Sale of
goods  Long term gain
Exports Agency
and
imports
and
Contracts  Business Acquisitions and Land
Acqiuisitions.
 John Keels Vs Govt of Sri Lanka.
Law of
Contracts#  Fundamental rights
Finance and
Banking

18. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
Law’ can largely contribute
towards the development of
country’s Economy”
Branches of
Business Law
Forming a
Company
Recruitments
Industrial
Disputes
05/04/2013 Business Law- Group 2 18

19. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business
Setting up
Bankruptcy business
Law’ can largely contribute Acquiring
towards the development of and
land and
country’s Economy” Winding
Machinery
up
WHAT IS Expansions and Recruiting
ECONOMY OF A Tex benefits employees
COUNTRY
Main parties involve
in an Economy
How Does Taxation Banking and
Business Dividends Financing
Law
connects
Debt and Sale of
recovery goods
Exports
Agency and
and
Contracts
imports
05/04/2013 Business Law- Group 2 19

20. Higher Diploma in Business & Financial Management
Group Presentation- Legal Aspect Of Management
“Ways in which ‘Business  Practical Examples for Business law
Law’ can largely contribute
towards the development of and cases
country’s Economy”
 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
05/04/2013 Business Law- Group 2 20