Azerbaijan University
Master of Business Administration
Course Syllabus
MBA 8030 LEGAL, ETHICAL AND REGULATORY
ENVIRONMENT OF BUSINESS
Fall Semester 2009
INSTRUCTOR:
Elnara Guliyeva, MA of International and Comparative Law
Uppsala University, Sweden
Email: elnarama@hotmail.com
SYLLABUS
Legal, Ethical and Regulatory Environment of Business
Fall 2009
OFFICE HOURS:
Sat 12h00 – 15h00
WELCOME
Welcome to Legal, Ethical and Regulatory Environment of Business. I am confident that you are
going to find this course exhilarating, rewarding and challenging. To avoid any misunderstanding,
you are encouraged to read this course outline and to bring the prescribed text to each class
meeting.
COURSE MATERIALS:
1.
2.
3.
4.
5.
6.
7.
8.
9.
Civil Code of the Republic of Azerbaijan
Law on the Registration of Legal Entities
Law on Arbitration
Labour Code
UN Convention on Contracts for International Sale of Goods
EU Convention on Law Applicable to contractual obligations (Rome Convention)
Convention on the Law Applicable to Sale of Goods (The Hague)
Convention on recognition and enforcement of foreign arbitral awards
The Legal Environment of Business and Online Commerce, Henry R. Cheeseman
Recommended:
The Arbitration Agreement, Ramberg
INCOTERMS
COURSE DESCRIPTION:
Legal, Ethical and Regulatory Environment of Business, seeks to increase understanding of the
most important legal issues affecting business, in other words, the ‘legal environment’ in which
businesses operate. Specific emphasis will be given to the business laws of the Republic of
Azerbaijan and international mechanisms. Practical application of these laws will be
demonstrated by considering various real life cases. Students will be given ample opportunity to
apply legal principles to fictitious case studies, thereby furthering their skills in legal reasoning.
INSTRUCTIONAL METHODS:
Lecture/Discussion/Case Studies/Debates/Examinations
PREREQUISITES:
Good command of reading/speaking/written English
COURSE OBJECTIVES:
 Develop a basic understanding of the legal principles, concepts and business laws with
emphasis on those of Azerbaijan
1
SYLLABUS
Legal, Ethical and Regulatory Environment of Business
Fall 2009






Recognize when one has a legal issue in various business settings and transactions
Develop process of critical reasoning-- students will be able to review factual situations and
apply sound legal reasoning to reach a conclusion
Acquire a knowledge of basic legal terminology
Understand the legal principles surrounding formation of contract, terms, breach of contract
and remedies
Assess the legal strengths and weaknesses of each type of business organization
Develop an understanding of the international legal environment
Course Content:
Week
Week 1
Reading/Assignments
Introduction
Week 2
What is Law (brainstorming)? Principles and sources of law.
Overview of previous session
Week 3
Legal systems of the world. What is general and what is unique.
Overview of previous session
Business and Law.
Establishment of a business unit
Registration of business entities
Requisites of a business entity
Types of business units
Week 4
Overview of previous session
Week 5
Contracts
Quize 1
Week 6
Different types of contracts.
International mechanisms regulating contracts law
Overview of previous session
Week 8
Case study
Presentations of the cases
Evaluation
Intellectual property law
Week 9
Overview of previous
Week 7
Employment law (general points)
Week 10
Quize 2
Week 11
International transportation law
2
SYLLABUS
Legal, Ethical and Regulatory Environment of Business
Fall 2009
Week
Reading/Assignments
- via road
- via sea
- via air
- via railway
Week 12
Overview of previous session
Week 13
Resolution of disputes between businesses
International Commercial Arbitration
Overview of previous session.
Week 14
Case study
Presentation by working groups
Week 15
Ethical aspects of business relationships
Quize 3
Week 16
Final exam
ATTENDANCE POLICY:
Attendance: - this is mandatory. Absence shall have very serious excuse
GRADING DISTRIBUTION:
Evaluation Device
Final Examination
Case study 1
Case study 2
Quizes
Participation in the lectures
Total
Points
45
5
10
30
10
100
Note: The instructor will on every lecture call on students to respond to questions
related to the lecture or material covered in the text. The quality of your response will
also be considered as a part of your class participation score.
3
SYLLABUS
Legal, Ethical and Regulatory Environment of Business
Fall 2009
ADDITIONAL INFORMATION:
1. Student success in Legal Environment of Business, is usually correlated with the
following: diligent class attendance, careful homework preparation, and comprehensive
preparation for quizzes and examinations.
2. Diligent class attendance includes timely arrival (5 minute grace period) and
attentiveness to classroom activities coordinated by the instructor. Late arrival to class
disrupts the flow of course material and is an inconsiderate distraction to the instructor
and to those students who arrived on time. Please plan to arrive in class at the
appointed time, ready to begin working. Attentiveness to classroom activities includes
being prepared to participate in classroom discussions and share ideas concerning the
course material. It does not include socializing with colleagues. Please turn off mobile
phones upon arrival in class.
3. Assigned cases should be reviewed in detail and summarized in anticipation for class
discussion.
4. The course syllabus, all course handouts, presentations and other power point
presentations will available to all students through the department and sent to email
addresses.
4