Legal Framework of Business - Essay Example

Only on StudentShare

Extract of sample
Legal Framework of Business

rities and Futures, Commission (SFC), the Office of the Commissioner of Insurance (OCI) and the Mandatory Provident Fund as the principal regulatory authorities and the legal bodies in Hong Kong to regulate banking, securities and futures, insurance and retirement schemes industries respectively and finally the Hong Kong's Prevention of Bribery Ordinance to check corruption in business transactions. There are, however, blames hurled on the legal systems not to prove adequate to support the image of Hong Kong to be the international center of commerce the major being the laws on labor that can't protect them from being exploited.
Hong Kong is Asia's main trading hub and one of the world's most open economies.. There are simple legal framework, soft taxation, almost no customs duties and no non-tariff barriers. ...
Download paper


Legal framework of Hong Kong is supportive of business and commerce. Global investors are still free to invest there and reap profits without worries. There are simple legal framework, soft taxation, almost no customs duties and no non-tariff barriers. There is emphasis on simple rule of law and fair market, without barriers of access to the markets by foreign business and capital flow in or out of Hong Kong…
Author : kelvin49

Related Essays

Explain the Legal Framework for the Bank of England's Monetary Policy
except where clearly quoted and referenced. has been copied from material belonging to any other person e.g. from a book. handout, another student. I am aware that it is a breach of UEL regulations to copy the work of another without clear acknowledgement and that attempting to do so renders me liable to disciplinary proceedings. SECTION B: (to be completed by the tutor marking assignment) Assessment Criteria: Weightings Criteria based Feedback Mark Achieved Logical Sequence and Development 10% Evidence of Background Reading 20% Appropriate Depth of Analysis 30% Critical Evaluation of...
6 pages (1506 words) Essay
The Legal and Ethical Environment of Business
2. Compare the American legal system to the international legal environment of business.  We live in a global economy where goods are manufactured in one country and are packed in other country. In search of cheap labor, raw material and talent, businesses have expanded themselves and have crossed the physical boundaries. The legal of system of every country is different from other. Different countries possess different legal systems however some countries share same legal system for instance countries like Australia, United States and India uses common law systems. In a civil law system,...
5 pages (1255 words) Research Paper
Gulf Regional Legal Environment of Business
For example, Sadah (2010) has pointed out those countries like Oman lacks in proper legal framework which can not only protect domestic players but also attract foreign investors. Hence, it can be said that providing a stable legal framework to domestic and foreign companies is related to Oman’s growth and prosperity. McConnaughay (2001) has defined law as a structure and combination of principles which provide guidance to companies on how to do business and also takes care of the interest of investors. In Oman, Commercial Companies Law under the Royal Decree No. 4/1974 takes care of most of...
6 pages (1506 words) Essay
The Competing Value Framework
It is important in determining the effectiveness of the organization and also is regarded as one of the important subjects in the organizational development which helps in improving the environment of the organization. It is regarded important for increasing the performance of the employees of the organization. The feasibility of the framework has been tested by various leading organizations and also by various business schools. It has served useful in understanding the marketing activities and also helps in successful integration of the marketing activities. The CVF framework helps in serving...
5 pages (1255 words) Essay
Pestel framework
This is so because success is based on an organisation's ability to create, rather than predict the future by developing those products that will literally transform the way the world thinks and view it self and the needs (Kanter 1995:71).
9 pages (2259 words) Essay
Conceptual Framework
Apart from the public versus private project distinction there is very little to differentiate between them. Current accounting and auditing practices are basically centered on the primary and immediate concerns of the practitioners, i.e. accountants and auditors presume the importance of rule-based accounting practices to be the ultimate aim so that failures can be disregarded as technical variances. In other words compliance with accounting and auditing rules is of primary and immediate concern to the practitioner. The significance of this outcome is essentially seen in the modern...
10 pages (2510 words) Essay
Got a tricky question? Receive an answer from students like you! Try us!