Submitted by: Submitted by iamjingxiang
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Category: Business and Industry
Date Submitted: 04/15/2013 04:03 AM
Legal Environment
Introduction to Law
Law: a set of rules
Importance to business: various aspects involve legal implications
Importance to businessman: can prevent basic problems, protect his interest and assess legal position
Sources of law:
Legislation or statutory law Case law or common law
Statutes or acts made by parliament and (eg: penal code, employment act) subsidiary legislation made by various admin bodies pursuant to powers given by the statutes. Judges write the case. Judgment of a litigation becomes a case.
Doctrine of precedent: future cases that are the same will be bound by the earlier decisions of made by a higher court in the same hierarchy
Changes in law: prospective effects
International conventions: decide international problems
Types of law:
Criminal Proceedings Civil Proceedings
Against wrongful conduct and punishing perpetrator Regulating private rights and obligations between parties
Jail or fine or cane Compensate in forms of damages, injunctions, specific performance, others
Public Prosecutor v defendant or accused Plaintiff v defendant
Discretion to act on state (generally) or aggrieved party filing magistrate’s complaint Discretion to act on plaintiff
Burden of proof : public prosecutor must prove beyond reasonable doubt Plaintiff must prove on the balance of probabilities (preponderance of evidence)
Guilty or not guilty Liable or not liable
Methods of resolving civil disputes
1. Negotiation
2. Litigation
Having a trial in court
Subordinate Courts (Magistrates’ Courts and District Court)
High Court (above $250 000): exercise appellate jurisdiction
Court of Appeal
High Court and Court of Appeal makes the Supreme Court
3. Mediation
Formalised negotiation - with no judgement but settlements, both parties must agree
Singapore Mediation Centre – non-profit organization, not free, mediators not judge but usually a professional
Primary Dispute Resolution Centre (at subordinate...