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Corporate and Business Law (LW): English legal system: You'll learn about the structure of the courts, sources of law like statutes and case law, legal principles like precedent and stare decisis, and the concept of equity. Law of obligations: This covers contract law (formation, validity, performance, breach, remedies), tort law (negligence, nuisance, trespass), and unjust enrichment (restitution for unjust gains). Company law: You'll delve into the formation and legal structure of companies, types of share capital, raising finance, directors' duties, corporate governance, and insolvency. Employment law: This covers the creation and termination of employment contracts, individual and collective employment rights, discrimination, and health and safety regulations. Other areas: You'll gain an understanding of intellectual property law (copyright, trademarks, patents), competition law (anti-trust regulations), consumer law (consumer protection rights), and international law (cross-border business transactions).
Taxation (TX): Direct taxes: You'll study income tax (personal and corporate), capital gains tax, and inheritance tax, focusing on key definitions, taxable income bases, exemptions, allowances, rates, and reliefs. Indirect taxes: This covers value-added tax (VAT) and goods and services tax (GST), including registration, taxable supplies, exemptions, calculation of tax due, and filing returns. International tax: You'll learn about transfer pricing (setting prices for transactions between related entities), double taxation agreements (avoiding double taxation on the same income), and anti-avoidance rules (preventing tax evasion).
Remember, both LW and TX require dedicated study to master the legal aspects. Consider your career goals and desired level of legal knowledge when choosing between them. We provide the best ACCA classes in Fintram Global. Apply now - https://fintram.com/product/acca-skill-level-corporate-and-business-law-lw-global-full-course-disha-chauhan/
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