Law and commerceCompany law sprang from the law of trusts, on the principle of separating ownership of property and control. The law of the modern company began with the Joint Stock Companies Act 1856, passed in the United Kingdom, which provided investors with a simple registration procedure to gain limited liability under the separate legal personality of the corporation. Social security law refers to the rights people have to social insurance, such as jobseekers’ allowances or housing benefits. Labour law is the study of a tripartite industrial relationship between worker, employer and trade union.
- Legal systems vary between jurisdictions, with their differences analysed in comparative law.
- Another example of a trustee’s duty might be to invest property wisely or sell it.
- Civil procedure and criminal procedure concern the rules that courts must follow as a trial and appeals proceed.
- While military organisations have existed as long as government itself, the