This course is offered by the
Faculty of Law (FOL)
Business law plays a vital role in regulating business practices in a country. It provides a mechanism for disputes resolutions and protects the public from unacceptable practices. The Law for Business Track equips you with the skills needed to face industry demands and the economic changes.
Consumer Law provides you an understanding of consumers’ rights whereas Labour Law covers employees’ legal rights and the law relating to industrial disputes. Finally, Law and Economics imparts key concepts of law and economics such as property rights and the economic functions of contracts.
Corporations need a good grasp on business law to compete in the market and therefore, staff with relevant legal knowledge in this area are crucial. Additionally, a professional with thorough knowledge of business law can help the company avoid undesirable legal issues. Business law, on national and international levels, is continually evolving. Being well-versed in this knowledge domain will prove to be a valuable addition to your strengths.
Consumers have the right to be protected against unfair or unethical practices by businesses in the sales of goods, services, and digital content. This course provides a clear understanding of the rights of consumers and the function of consumer law in a modern market economy. You will also be familiarised with the nature and magnitude of consumer-related problems. Learn how to find legal and practical resolutions to various types of consumers’ issues and protect their interests.
Labour laws govern the relationship between employers and employees by regulating the terms of employement. This course comprises chapters relevant to labour law in Malaysia and the role of ILO (International Labour Organisation). We focus on major characteristics and general features of the Malaysian Labour Law and its development. You will also gain knowledge in the procedures and resolutions of industrial disputes and other legislation relevant to employee and employer in Malaysia.
This course will take you into a few specially selected topics in law and economics. These include an introduction to microeconomic reasoning, the Coase theorem, economics of property rights, economics of contract law, market failures, regulation of monopolies, externalities, public goods, asymmetric information, and moral hazards. We will focus on understanding the law by the economic concepts as well as assessing different legal approaches with the criterion of economic efficiency. Learn the advantages of using an economic approach to solving problems in the law.
Environmental law is a crucial field of legal regulations that govern the interaction between businesses and the natural environment. It encompasses a wide range of laws, regulations, and policies that dictate how companies must operate to minimise negative environmental impact. The laws cover areas such as pollution control, resource management, waste disposal, and sustainability. Understanding environmental law is essential as it not only ensures compliance with legal requirements but also presents opportunities for companies to adopt environmentally friendly practices, enhance their corporate social responsibility, and gain a competitive edge in an increasingly eco-conscious marketplace.
The law of banking consists of rules and regulations that govern how banks and financial institutions operate. It affects everyday financial transactions, from opening bank accounts and getting loans to ensuring the security of electronic payments. This area of law is important because it safeguards funds, ensures fair banking practices, and maintains the stability of the financial system. It’s the foundation that keeps everyone’s finances safe and accessible.