HSC Business Organization & Management 1st Paper 8th chapter Note Legal Aspects of Business. A business operates within a legal framework that, for the most part, works. This legal framework has a long history and many reams of laws and regulations that will make your head spin. At some point, most companies will have to deal with some sort of legal issue related to their business. Don’t be afraid of this. I won’t lie. It’s scary when someone wants to sue your company but the legal system, for all its faults and issues, does provide a reasonable framework for resolving business disputes.
HSC Business Organization & Management 1st Paper 8th chapter Note Legal Aspects of Business
The terminology around the term state-owned enterprise is murky. All three words in the term are challenged and subject to interpretation. First, it is debatable what the term “state” implies (for instance, it is unclear whether municipally owned corporations and enterprises held by regional public bodies are considered state-owned). It is contestable under what circumstances an SOE qualifies as “owned” by a state (SOEs can be fully owned or partially owned; it is difficult to determine categorically what level of state ownership would qualify an entity to be considered as state-owned since governments can also own regular stock, without implying any special interference). Finally, the term ‘enterprise’ is challenged, as it implies statutes in private law which may not always be present, and so the term ‘corporations’ is frequently used instead
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