Business Law

This is an introductory course. It starts by providing basic explanations of: the nature and functions of law, basic legal terms, legal norms, legal system/s, and legal reasoning.
It continues to explore the general principles of Company Law. It covers topics such as how a business may be legally structured (sole trader or company), different types of companies, incorporation of companies, management and representation of different types of companies, various powers, duties and liabilities of different constituencies, directors’ duties, types of protection guaranteed to the different constituencies in the corporate area, etc.
In conclusion certain business & commerce contracts will be reviewed.
The basis of the Course is the Macedonian Company Law. However, where relevant, the Course will provide comparative perspective with the US and EU Company Laws.