RET11 Law for Business

• Topics

  The course deals with the legal topics that are important to know if you are going to start your own business, lead or sit in the management of a company, sit on a board of a company etc. What laws and regulations are important for a business and for a company? The course therefore deals with topics such as company law, employment law, intellectual property law, money and credit law, guarantee and mortgage law, as well as bankruptcy law.

  The company law topics will have the main emphasis on the limited company. The following topics are covered: Formation of companies, the functions of the corporate bodies and the relationship between the various bodies (the board, general meeting, general manager, etc.), board liability, dividends/distributions from companies, capital reductions/capital increases and liquidation of companies.

  The labour law topics cover individual labour law, as well as key issues concerning collective labour law. The following topics are covered: Requirements for the hiring process, effect of appointments, dismissals, dismissals and the employer's management prerogative. In the collective labour law, the right to organise, collective agreements, industrial action/the right to strike/the duty of peace will be dealt with.

  The intellectual property rights topics include copyright, design law, patent law and trademark law (name of the company, trademark, logo, etc.), with particular emphasis on copyright and character sets.

  Money and credit law includes the rules on monetary claims in the form of remuneration claims and credit claims. The following topics are dealt with in more detail in the law of monetary claims: how to establish a valid monetary claim (valid loan), assignment of monetary claims, settlement of monetary claims and default of monetary claims.

  Guarantee and lien rights include the rules on personal collateral for natural or legal persons, and the rules on the provision of collateral through the establishment of special rights in specific assets (real security). The following topics are dealt with in more detail in guarantee and mortgage law: General information on guarantee agreements (establishment, maturity, termination and objections to creditors), guarantee agreements with financial institutions (parties, establishment of agreements, maturity of guarantees, reduction and lapse of guarantee agreements), establishment of a mortgage, what may be subject to pledge, legal protection and priority for liens, the rules on mortgages during the security period and the rules on the realisation of the mortgage.

  Debt prosecution and bankruptcy law includes the rules on enforcement, debt negotiations and bankruptcy. The following topics are dealt with in more detail in bankruptcy law: the rules on grounds for enforcement and disbursement in connection with individual debt collection, the rules on voluntary and compulsory debt negotiation, as well as the rules on insolvency, the bankruptcy creditors, the debtor's position, the bodies of the estate, annulment, contractual obligations and priority rules in connection with bankruptcy.

• Learning outcome

  Knowledge:

  Explain the rules in employment law, company law, intellectual property law, money and credit law, guarantee and mortgage law and bankruptcy law that are important for the management of modern businesses.

  Skills:

  1. explain what the rules in the specified areas of law are about, and state the most important issues that may typically arise on the basis of the legal sources.
  2. identify issues within the specified areas of law, argue for different legal solutions to specific legal issues in these areas, and make a final assessment of what is overall the best solution from a legal point of view.
  3. analyse issues within the various areas of law, based on legal method, so that one can to a large extent take a position on the issues that one typically faces within these areas of law.
  4. update themselves on topics within the specified areas of law.

  General competence:

  1. use the relevant rules to manage a company, and allocate tasks related to such legal issues to other employees in an appropriate manner.
  2. communicate views on legal issues in the designated areas of law to others in an appropriate manner.
  3. reflect on ethical aspects of the issues one faces, especially in connection with business activities.

• Teaching

  Lectures, seminars, assignment courses and two compulsory assignments for submission.

• Recommended prerequisites

  RET1 or the equivalent is recommended to ensure that the students are familiar with the legal system and basic legal methodology.

• Credit reduction due to overlap

  RET11 overlaps with RET13 Company law and cannot be combined with RET13.

• Compulsory Activity

  Students must submit two compulsory assignments that must be approved in order to fulfill compulsory activities (work requirements)

• Assessment

  4 hours individual written digital school exam. 

• Grading Scale

  A-F

• Permitted Support Material

  The following texts - all in category 2

  Calculator

  Laws of Norway

  Collections of laws with or without regulations (but without annotations)

  NHH's exam-adapted legal data solution.

  Reprints of laws with or without regulations (but without commentary)

  Special print of regulations (but without comments)

  Ole-Gjems-Onstad: The Tax Law Collection

  Ole Gjems-Onstad: Tax laws and key regulations. Student booklet.

  More detailed recommendations are given at the start of the semester with regard to what is the most suitable collection of laws

  Dictionary: one bilingual dictionary allowed (category 1)

  All in accordance with Supplementary provisions to the Regulations for Full-time Study Programmes at the Norwegian School of Economics Ch.4 Permitted support material https://www.nhh.no/en/for-students/regulations/https://www.nhh.no/en/for-students/regulations/ and https://www.nhh.no/en/for-students/examinations/examination-support-materials/https://www.nhh.no/en/for-students/examinations/examination-support-materials/