BUSINESS LAW IN NIGERIA: CONTEMPORARY ISSUES AND CONCEPTS - ResearchGate Talent management needs to be sophisticated and its impact and the contribution of each team member must be measured differently. The School of Law supports an active research community. As noted, business law touches upon a number of other legal areas, practices, and concerns. One of the most common forms of exploitation is witholding or theft of wages. The retirement of a partner must be discussed openly and with plenty of time in advance. 5 Common Challenges of International Business - Harvard Business School At the same time, clients want a clear and transparent relationship with external lawyers, which often requires a flat fee or other arrangements that give them morecontrol in managing their budget. (Credit: edar/ pixabay/ License: CC0), Citizens United v. Federal Election Commission, Creative Commons Attribution-NonCommercial-ShareAlike License, https://openstax.org/books/business-law-i-essentials/pages/1-introduction, https://openstax.org/books/business-law-i-essentials/pages/1-3-important-business-laws-and-regulations, Creative Commons Attribution 4.0 International License. Sales contracts normally involve the sale of goods and include price terms, quantity and cost, how the terms of the contract will be performed, and method of delivery. See all articles by Catalin-Silviu Sararu, This page was processed by aws-apollo-l100 in. Wage theft is part of the process of modern slavery. The opportunity of 2021 is to place worker dignity at the centre of supply chain transformation plans. Central to avoiding climate catastrophe and moving to a net-zero economy, is the concept of just transitions. Contemporary Legal Issue Social distancing norms require more space between work-stations which could lead to bigger offices. Businesses, governments, trade unions, and civil society organisations committed to human rights will need to have a clear and strong voice as these debates continue to unfold in 2021. It is no small order, but the opportunity for truly transformational change has come with this once-in-a-generation pandemic. Company and industry responses include public statements condemning forced labour, and pledges to undertake due diligence of suppliers in and outside of Xinjiang, as well as commitments to suspend activities and cease relationships associated with Uyghur labour. However, since the 1970s, it has evolved, globally, into a predominantly debt- and market-based practice: states, including nowadays many advanced economies, increasingly rely on debt, global financial markets and international institutions to fund their sovereign functions. This trend has been worryingly intensified by the COVID-19 pandemic and the recent global macroeconomic shocks triggered by the aggression of Ukraine, and it ultimately points to a form of public poverty linked, among other things, to the growing privatisation of global wealth and the increasing pressures that governments across the world face to step in and level off often by recourse to public resources the structural imbalances and recurring manifold crises of financialised global capitalism. At the same time, there are opportunities for companies that embrace the need for such action. Other instruments related to securities, such as futures and some derivatives, are regulated by the Commodity Futures Trading Commission (CFTC). Eight Common Ethical Dilemmas Business Owners Face (And How To Overcome The lesson of 2020 is that if supply chains are at risk then supply chain workers are at risk. CORPORATE SOCIAL RESPONSIBILITY OF EXXON-MOBIL IN AKWA IBOM STATE, NIGERIA AND COMMUNITY-INDUSTRY RELATIONS: A SOCIOLOGICAL JURISPRUDENCE PRISM. Graeme Hodge This article evaluates the operational efficiency of the Victorian prison system since the introduction of the neoliberal prison privatisation. Changes are long overdue, and scrutiny of corporate conduct will continue to grow in 2021, including calls to demonstrate how companies are hiring more candidates from racial minorities or ensuring that black employees remain in the company. So 2021 will most certainly see supply chain transformation, but now rapidly accelerated by the events of 2020. Whilst the acceptance of smart contracts by legal practices has gained pace, novel legal issues have been emerging in this area of law. Duska, R., 2000, "Whistleblowing and Employee Loyalty", in J.R. Desjardins & J. J. McCall (eds. It's simple, just look for the 'save this course' buttons when viewing course search results, listings or details. But resilience must ultimately mean more than protected bottom lines. As buyers were cancelling and postponing orders in 2020, or demanding price reductions and rebates from suppliers, it was workers who were often bearing the brunt. Requirements: Securities regulation involves both federal and state regulation of securities and stocks by governmental regulatory agencies. The technology is not fail-safe; it is approximate (identifying location, but not elevation), and people can game the system (for example, by carrying multiple phones). Racial violence is not unique to the US, as a recent incident in Brazil shows. Many faced calls for further action. Evidence shows how women in abusive relationships face increased vulnerability if they spend prolonged periods at home with abusive family members. Contemporary Issues In Law - Lawtext It provides the readers with the latest case laws in layman terms. They are derived from his autobiography Cork on Cork (published in 1988), and may be condensed into the following breakdown: Please note that this breakdown is not a closed list, and topics that fall outside this breakdown could be accommodated. Article. 18. consent of Rice University. Abstract: Sovereign financing or the financing of the public sector is central to the realisation of human rights. A corporation and its board of directors should consider the best means of dealing with these issues, including by forming a team of advisors and meeting periodically with the team. They must stay current and, along with the standard deep level of legal knowledge, have additional training and tools in the areas of business, technology, project management or data analysis and psychology. Law and economics is the field of study devoted to understanding laws and legal institutions using the tools of economic theory. Factories that rely on assembly-line production will redesign their shop-floor to expand space between individual units, possibly making factories more humane. Sign up to our emails. Top Ten Issues in 2022 | Institute for Human Rights and Business A company works with a law firm because it has the required expertise, trusted advisors and fees that align with the added value it is seeking. Contemporary Issues in Law and Economics | Thomas J. Miceli | Taylor and you must attribute OpenStax. Asia is facing a watershed moment in its climb up the economic ladder, write Simon Commander and Saul Estrin. The issue will increasingly be in the spotlight in 2021 in the lead up to the UN Climate Change Conference COP 26 in Glasgowand will continue to gain in urgency. Full article: Introduction: Business and the Law - Taylor & Francis Online Gender dimensions will take on greater importance as well, such as how black women employees have different experiences at work compared to their white women colleagues. 'Session' or 'functional' cookies enable core functionality such Innovation is the outcome of a demonstrated need, and is not a matter of merely introducing a change, something that often finds resistance. All business sectors will need to confront the realities of climate-related migration from finance and insurance, to energy, engineering and construction, to technology. Institutionalization is the only way to pass the baton to the new generations, and standardize without depersonalizing the service. The key to an agreement or contract is that there must be an offer and acceptance of the terms of that offer. The journal is designed to cover a broad spectrum The article focuses on business ethics in the United States and suggests there is an ethical lag in bureaucracy and business . Along the way, readers also learn about such topics as ethical relativism, ethics and the law, virtue ethics, and ethical decision-making. The estimated 450 million people working in supply chains are often in extremely precarious situations. It also highlights five critical issues beyond the immediate effects of COVID-19 where the business and human rights agenda will demand attention in 2021. We recommend using a Strengthening resilience in the predominantly urban areas where climate migrants move to will also be critical, including non-discrimination and inclusion, decent employment opportunities, and investment in infrastructure and services. Although few would doubt that firms are acting in tightly regulated legal environments, and have done so for decades, no consensus has emerged on this question. Business in the Contemporary Legal Environment is a well-written, comprehensive coursebook providing complete coverage of the areas typically included in a one-semester legal environment course. The world of corporate lawyers has changed. changing dynamics of the law. Cookie Settings. Posted: 30 Jan 2017. Will states seek to further marginalise traditional international organisations and approaches they view as limiting or ineffectual? The scientific studies included in this volume are grouped into two chapters: Contemporary challenges in the regulation of international business law; Contemporary challenges in the regulation of national business law. The limits to the current legal concepts will be evaluated with key areas for law reform being outlined. New generations of workers are interested in the culture of a law firm; they want clear assignments, regular evaluations, and leaders who will act as mentors. Company Number: 06882940. Traditionally, lawyers are resistant to change; this reality is a constant in the profession. 1 Enable students to identify contemporary and pervasive issues in the field of business and management which reflect the dynamism and vibrancy of the business environment; 2 Facilitate student learning with respect to the analysis of such issues; 3 Enable students to demonstrate understanding of the impact of . Individual back issues can be bought separately, Contemporary Issues in Law is a refereed journal, The editors welcome ideas and suggestions for future issues please email ltp@lawtext.com - our outline guidance for submissions can be found here and details of our Open Access policy here, For details of the Editor and Editorial Boardclick here- For a sample copy pleaseclick here. Are companies that employ these workers taking care to ensure they are well protected? It has the potential to have entire complex commercial contracts written in and executed by computer codes. The year 2020 has seen a clear sharpening of divisions over the future of international standards governing business activities in a wide range of industries and settings. At times, it may also involve the regulations of exchanges like the New York Stock Exchange, as well as the rules of self-regulatory organizations like the Financial Industry Regulatory Authority (FINRA). Posted by Martin Lipton, Steven A. Rosenblum, Karessa L. Cain, Wachtell, Lipton, Rosen & Katz, on, Harvard Law School Forum on Corporate Governance, on Key Corporate Governance Issues at Mid-Year 2021. areas of current legal concern are then explored. This brief talk will introduce the main human rights issues raised by debt financing, and the current state (and limitations) of relevant international law. The mainstream investment focus purely on financial return must evolve. More will be expected of all employees on issues such as unconscious or implicit bias that might influence decisions, and deeper discussions will be required on questions over whether workplaces are racially just. Business has never faced the type of moral challenges that it faces in today's global economy. Key Business Concerns in Commercializing Intellectual Property Rights l Competition and Confidentiality Issues, Antitrust Laws l Assignment of Intellectual Property Rights l Technology Transfer Agreements l Intellectual Property Issues in the Sale of Business l Care & Maintenance of Confidential Information l Legal Auditing of Intellectual . by Lucian Bebchuk, Alma Cohen, and Allen Ferrell. Additionally, the Constitutions Bill of Rights extends some protections to business entities that are also constitutionally guaranteed to individuals. What is the relation between businesses and the law? Policy responses must acknowledge migrants agency and the complexity in decisions to move, as well as the differing ability of people to move. Such steps could further undermine the global order that has been built up over past decades and that now needs to be strengthened and reformed. In its landmark decision on the case, the Committee set an important precedent by affirming that governments may be prohibited from sending people back to home countries that pose immediate threats to life due to climate change. Saving courses allow you to compare them, it also allows you to create a permanent list of 'favourites' that will always be there when you visit our site. changing dynamics of the law. The key message for an institutionalized firm to convey to its client portfolio is that it transcends the partners who are currently managing and providing services to its clients. Global trade relations, tariffs and the broader geopolitical environment. At present, 1% of the world is a barely livable hot-zone. Dec 2017. The journal is designed to cover a broad spectrum The digital platform economy gives rise to new ways in which to conduct anticompetitive behaviour. The authors explain various areas of the law in plain English, with an emphasis on the implications and applications of these areas in a business setting. Institute for Human Rights & Business (IHRB) is the trading name of the Institute for Human Rights and Business Ltd. (limited by guarantee, incorporated in England and Wales). Our research community comprises our academics, undergraduate and post-graduate students, and external partners from diverse professions. Undercapitalisation, therefore, is a major issue that requires legal -and not only economic or financial - attention. Authors should obtain copyright clearance for any tables or diagrams included in their paper. Companies must act too. Many migrant workers are still struggling months on with the dilemma of exercising their right to return, while others remain stranded in cities or border areas without access to services or support, living in precarious conditions posing as quarantine facilities. 1. 'Persistent' or analytical cookies help us to improve our website by collecting and reporting information such as on its Business Ethics (Stanford Encyclopedia of Philosophy) Updated content and features highlight today's latest developments in . Diversity, equity and inclusion, and addressing racial injustice and hate crimes. This brings about the need to do periodic evaluations. Abstract: A smart legal contract is a binding contract in which some or all the contractual terms are defined in and/or performed automatically by a computer program. This is an exhaustive article which deals with the topic of the current global issues in International law in the last 5 years, along with the reforms to overcome those issues. This volume contains the scientific papers presented at the Sixth International Conference "Perspectives of Business Law in the Third Millennium" that was held on 25-26 November 2016 at Bucharest University of Economic Studies, Romania. The scientific studies included in this volume are grouped into two chapters: Contemporary challenges in the regulation of international business law; Contemporary challenges in the regulation of . By continuing to use our site you agree to this, or visit our, Contemporary Issues in International Business Law, . This brief discussion will outline some of the legal issues that are presented when algorithms are used to collude. The main challenges facing the legal market are encompassed by changes in the relationship with clients, the attraction and retention of talent, and innovation. In major jurisdictions around the world, it is generally recognised that the smart legal contract is capable of having contractual force just like a traditional natural language contract. Another aspect to consider is that the new professionals are accustomed to responsiveness, having a flow of information and getting instant gratification that does not necessarily have to be based on money.

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