european

Law European Commission

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.

  • Codifications date back millennia, with one early example being the Babylonian Codex Hammurabi.
  • In developing the common law, academic writings have always played an important part, both to collect overarching principles from dispersed case law, and to argue for change.
  • Historically, religious law has influenced secular matters and is, as of the 21st century, still in