CAT / FIA FBT Syllabus A. The Business Organisation, Its Stakeholders - Sources of Legal authority - Notes ^{2 / 7}

Sources of legal authority include the following:

1. SUPRA- NATIONAL

   • United Nations resolutions (can be either substantive or procedural)

   • International Court of Justice

   • Other international agreements that apply to signatories (e.g. The World Trade Organisation sets rules on trade between member states)

   • European Parliament

   • European Courts

2. NATIONAL

   • National Governments through Acts of Parliament

   • Senior Courts (e.g. House of Lords in UK, The Supreme Court in the USA)

   • Other major courts through the principles of case law and the setting of precedents

3. REGIONAL

   • Regional/Federal Government (e.g. Welsh assembly in the UK, State Government in the USA)

   • Local councils can issue by-laws in many countries (a law that is less important than a general law or constitutional provision)