Business and Labour Law An introduction Lecturer - Hasindu Bandara MSc. (Mgt), BBA (Business Economics) RTU, FEEM Phone - 25721305 E-mail:Hasindu-Sandaruwan-Bandara.Wadana-ThuwakkuMudiyanselage@edu.rtu.lv The study process - guide • 2 tests – online • Each consist of 10-15 questions • Case studies & in class tasks • Group Project and Presentation What do you know about law? - Purpose? - Ensure the proper functioning of society - Ensure fairness in a society - Protect citizens from crime “The purpose of law is to prevent the strong always having their way” ~Ovid - Fundamental components in law - Establishing standards Maintaining Order Resolving disputes Protecting liberties and rights What do you know about law? - Who regulates law? - The Government through executive, legislative and judiciary branches - Types of law? - Criminal law Civil law Constitutional law Business law Labour law Study sources • • • • • • • Laws – www.likumi.lv. www.vv c.gov.lv, www.latvia.lv Institutions – www.mk.gov.lv Courts – www.at.gov.lv Parctice – www.legal.lv Law science and topics – www.providus.lv EU institutions In-class Task 01 • Select a type of “law” • Discuss in your group, gather information • Present it to class (5 minutes) Business Law What is business law? • Aspect of law covering industry and commerce — from taxes and liability to licensing and trademarking Types of Business law • Corporate law: • Deal with the financial and structural status of an established company, as well as the provision of legal advice on day-to-day dealings. • Small- business law: • Focuses on the kind of legal counsel needed during the early years of a business, such as tax classifications, hiring employees, and the proper zoning and licensing needed to start a business. Labour Law What is labour law? • Labour laws (also known as labor laws or employment laws) are those that mediate the relationship between workers, employing entities, trade unions, and the government. Components of labour law; • Employment • Wages and remuneration • Work conditions • Trade unions and industrial relationships • Health, safety and welfare • Administration of labour law (functioning and organization of labour law) • Social security (employer obligation in occupational accidents) Why you should learn Business and Labour Law • Empower and protect your labour- know your rights • Remedies in situation of conflicts when working • Identify your responsibilities • What to do and what not to do when carrying out businesses • How to treat employees and maintain employer – employee relationship Business and Labour Law sources • The Commercial Law • http://www.doingbusiness.org/law-library/latvia • Law on the Insolvency of Undertakings and Companies • Tax Laws • Law on Value Added Tax • Law on Excise Duties • Law on Enterprise Income Tax Thank You!!
