What you will learn in LW
The aim of the syllabus is to develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business, recognising the need to seek further specialist legal advice where necessary.
Corporate and Business Law is divided into eight areas. The syllabus starts with an introduction to the overall English legal system such as the court system and sources of law. It then leads into the area of the law of obligations including contract and tort, which underpin business transactions generally.
The syllabus then covers a range of specific legal areas relating to various aspects of business of most concern to finance professionals. These are the law relating to employment and the law relating to companies. These laws include the formation and constitution of companies, the financing of companies and types of capital, and the day-to-day management, the administration and regulation of companies and legal aspects of insolvency law.
The final section links back to all the previous areas. This section deals with corporate fraudulent and criminal behaviour.
On successful completion of this exam, candidates should be able to:
A. Identify the essential elements of the legal system, including the main sources of law
B. Recognise and apply the appropriate legal rules relating to the law of obligations
C. Explain and apply the law relating to employment relationships
D. Distinguish between alternative forms and constitutions of business organisations
E. Recognise and compare types of capital and the financing of companies
F. Describe and explain how companies are managed, administered and regulated
G. Recognise the legal implications relating to insolvency law
H. Demonstrate an understanding of corporate fraudulent and criminal behaviour.