Business advisors need to be familiar with a wide variety of business structures other than companies. Emphasis is on the most common of these including franchises,
joint ventures, trading trusts, partnerships, unicorporated societies in order to ensure that advisors are familiar with their merits and legal consequences of
utilising these structures.
Goal of the Course
This course is primarily concerned with understanding the law governing business organisations other than limited liability companies. This course examines a
wide variety of structures available to investors in business – comparing and contrasting the advantages and disadvantages from a legal point of view.
The goal of a course at this level, however, is more than a simple exposition of the relevant rules. The theme adopted in this course is to contrast the
law governing more traditional structures, such as partnerships, with that governing relatively new or developing ones such as joint ventures and franchising.
The extent to which certains obligations, such as agency and fiduciary duties, cut across these structures will be examined. Special attention will also be
given to the diffuculties associated with the operation of the respective country’s owned enterprises, against the special backdrop of the statutory framework