Editing User:Jukeboksi/BBA studies/Law (section)

== Business Law - Lesson 1 - Introduction ==
* Choose '''[[w:arbitration]]''' ( [[w:fi:Välimiesmenettely]] ) as preferred method of '''[[w:dispute resolution]]''' especially if dealing with businesses outside of EU

* In Finland ( Civil law ) you can be made to pay the legal fees of the winning party. In USA ( common law ) you don't have to. 

* In [[w:USA]] a company may have to pay '''[[w:punitive damages]]''' ( Rangaistusluonteinen vahingonkorvaus ) whereas in Finland you have to pay only '''[[w:compensation]]''' ( [[w:fi:korvaus]] ) i.e. '''[[w:Damages]]''' ( [[w:fi:Vahingonkorvaukset]] )

* '''[[w:Legal personality]]''' ( [[w:fi:oikeushenkilö]] )
* '''[[w:Capacity (law)]]''' [[w:fi:oikeuskelpoisuus]] ( eri kuin [[w:fi:Oikeustoimikelpoisuus]] )
* A '''[[w:tort]]''' ( [[w:fi:Vahingonkorvausoikeus]] ), in [[w:common law]] jurisdictions, is a [[w:civil wrong]] which unfairly causes someone else to suffer loss or harm resulting in [[w:legal liability]] for the person who commits the tortious act, called a ''tortfeasor''. Although [[w:crime]]s may be torts, the [[w:cause of action|cause of legal action]] is not necessarily a crime as the harm may be due to [[w:negligence]] which does not amount to [[w:criminal negligence]].

'''Levels of negligence'''
:* '''Minor negligence''' ( lievä tuottamus, vähäinen huolimattomuus, vähäinen varomattomuus, vähäinen tuottamus )
:* '''[[w:Negligence]]''' ( huolimattomuus, varomattomuus, tuottamus) ( The area of tort law known as negligence involves harm caused by carelessness, not intentional harm. ( Wikipedia )
:* '''[[w:Gross negligence]]''' is a legal concept which means serious carelessness. ( törkeä huolimattomuus, törkeä varomattomuus, törkeä tuottamus )( Wikipedia )
:* '''Willful intention''' ( tahallinen, harkittu )

'''[[w:Corporate law]]''' (also called "company" or "corporations" law) is the study of how [[w:shareholders]], [[w:Board of directors|directors]], [[w:employees]], [[w:creditors]], and other stakeholders such as [[w:consumer]]s, the [[w:community]] and the [[w:environment (biophysical)|environment]] interact with one another. 
:::Corporate law is a part of a broader '''[[w:companies law]]''' (or law of business associations). ( Wikipedia )

Relevant corporate laws in Finland are 
* '''[[w:fi:Osakeyhtiölaki]]''' for LTD's and additionally 
* '''[[w:fi:Suomen arvopaperimarkkinalaki]]''' for PLC's.