ACCA BT Syllabus A. The Business Organisation And Its External Environment - Sources of Legal Authority - Notes
SUPRA-NATIONAL AND REGIONAL GOVERNMENTS
Sources of legal authority include the following:
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
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
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)
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Syllabus A. The Business Organisation And Its External Environment
A3. Political and legal factors affecting business
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Syllabus A. The Business Organisation And Its External Environment
A3. Political and legal factors affecting business