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Basic Business
Law (BBL)
Lecture 1
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Basic Business Law 1
Copyright BCA Academy, Low Yee Mei
Basic Business Law (BBL)
Lecturer :
Linda Kwok
kwenoi@yahoo.com
The Copyright of this document belongs to BCA. No part of this document may be used, disclosed, transferred, reproduced,
stored in a retrieval system or transmitted in any form or by any means electronic, mechanical, photocopying recording or
otherwise to any person not authorized to use it without the express written permission of BCA
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Basic Business Law ,
Copyright BCA Academy, Low Yee Mei
Introduction to Law
What is Law?
A collection of rules.
If there are no rules in a society it will be
completely chaotic!
This set of rules can be enforced in a court.
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Basic Business Law Year,
Copyright BCA Academy, Angie Han
Why study this course?
- To be a judge/lawyer??
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Low Yee Mei
Why study this course?
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Basic Business Law ,
Copyright BCA Academy, Angie Han
Law and Business
Some areas of business that involve legal
issues:
In addition to the three elements above, Singapore’s legal system has its
roots traced back to English legal system. 14
Basic Business Law,
Copyright BCA Academy, Low Yee Mei
Sources of business law
Constitution
High Court
(unlimited amount)
Small Claims
Magistrates’ Specialised Tribunals (up to
District Court (up $S10,000 or
to S$250,000) Court (up to Courts:
S$60,000) S$20,000 if both
Family court parties agree)
Juvenile court
Coroner’s court
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Basic Business Law, Copyright BCA Academy,
Low Yee Mei
Legal system over the world
Every country’s legal system is unique.
(example: Singapore’s legal system is
different from that of China and Myanmar.)
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Basic Business Law Year 2012/13, Sem 1,
Source: The Straits Times, 23 Oct 2011 Copyright BCA Academy, Low Yee Mei
Introduction to Law
Offer
Punish the
compensation to
wrongdoer
the injured party
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Low Yee Mei
2 branches of Law
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Civil Vs Criminal Proceedings
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How to resolve disputes/ why
you need lawyers?
- Now, we are more civilized. If parties cannot
resolve the dispute themselves, they could
engage lawyers to sue each other in court.
Enforcement
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Low Yee Mei
Litigation Process
Commencement of litigation
When a person wishes to sue another
person, he must engage a lawyer who will
issue through the court what is known as an
“originating process”.
Defendant
The other party whom the plaintiff is suing
Source: The Straits Times, Basic Business Law, Copyright BCA Academy,
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Methods of ADR
Arbitration
Adjudication Mediation
ADR
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Low Yee Mei
Methods of ADR
Arbitration
Parties in dispute could refer their differences
to neutral person(s) (i.e. arbitrators).
Just like court proceedings, the decisions
made in arbitral proceedings are binding.
However, arbitral proceedings and decisions
are not open to the public, making it
particularly suited for commercial disputes,
especially where confidentiality is important to
the parties involved.
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Low Yee Mei
Methods of ADR
21 Oct 2011
Methods of ADR
Adjudication
Adjudication is similar to arbitration, although
there is a set timeframe within which the
adjudicator must make a decision and parties are
responsible for their own costs unless otherwise
agreed. Decisions made in adjudication are
binding.
Adjudication is commonly used in the
construction industry to ensure fast payment.
Security of Payment Act is specific to the
construction sector where decisions can be made
within 21 days.
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Methods of ADR Source: Channel News Asia,
30 Aug 2010
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Basic Business Law, Copyright BCA Academy,
Angie Han
Methods of ADR
Mediation
Mediation is a process in which the mediator,
a neutral person, helps parties to settle their
disputes through discussion.
Parties make their own decisions. Successful
mediation depends on the co-operation of all
parties in implementing the agreed upon
solution, since the process (unlike arbitration)
is non-binding in court.
Aims to preserve the working relationship on
all sides.
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Low Yee Mei
Methods of ADR
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Basic Business Law ,
Copyright BCA Academy, Angie Han
Litigation or ADR?
Cost and time
Litigation process is costly and time consuming.
Litigation may hurt relationships especially since
it is public.
May not get the full amount loss or after
deducting legal fees, not much is left after
litigation.
There are alternative dispute resolutions which
are often less expensive and faster.
However not all ADR are binding and parties
cannot appeal against the decision. 46
Basic Business Law,
Copyright BCA Academy, Low Yee Mei
Learning points for Lecture 1
Definition of law
Singapore Legal System
Litigation process
Alternative dispute methods
(ADR)
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