Corporate & Business Law (LW)

Develop knowledge and skills in the understanding of the general legal framework, and of specific legal areas relating to business.

Applied Knowledge Essential Paper Global Pass Rate: 85%
Corporate & Business Law

About LW

Corporate and Business Law (LW) introduces students to the fundamentals of the legal system and key areas of law that affect businesses and accountants.

LW provides a solid foundation in legal principles and their application to business situations. You'll learn about the English legal system, contract law, the law of torts, and company law, developing the ability to identify legal issues and apply relevant legal principles to business problems.

Why LW is Important

LW is essential for anyone pursuing a career in accounting or finance as it provides:

  • Understanding of legal obligations and rights of businesses
  • Ability to identify and manage legal risks
  • Knowledge of company formation and governance requirements
  • Foundation for more advanced legal studies in professional qualifications

Exam Details

Duration: 2 hours
Pass Mark: 50%
Availability: March, June, September, December
Format: Computer-based exam

LW Syllabus Areas

Essential Elements of the Legal System

  • The structure and operation of the English legal system
  • Sources of law
  • The court system and alternative dispute resolution
  • Human rights and their impact on business

The Law of Obligations

  • Formation of contracts
  • Content and terms of contracts
  • Breach of contract and remedies
  • The law of torts and professional negligence

Employment Law

  • Contract of employment
  • Dismissal and redundancy
  • Discrimination and equal pay
  • Health and safety at work

The Formation and Constitution of Business Organizations

  • Agency law
  • Partnerships
  • Corporations and legal personality
  • The formation of a company

Capital and the Financing of Companies

  • Share capital
  • Loan capital and charges
  • Capital maintenance and dividend law
  • Company directors and other officers

Management, Administration and Regulation of Companies

  • Company meetings and resolutions
  • Corporate governance and ethical issues
  • Fraudulent and criminal behavior
  • Insolvency and administration

Professional Skills Developed

Legal Analysis

Ability to analyze legal problems and apply relevant principles

Contract Understanding

Skills to interpret and understand contractual obligations

Corporate Governance

Understanding of company formation and governance requirements

Legal Compliance

Ability to identify legal compliance requirements for businesses

Risk Identification

Skills to identify potential legal risks in business operations

Business Relationships

Understanding of legal frameworks governing business relationships

Start Your LW Journey Today

Master corporate and business law fundamentals with our comprehensive LW course