How the Law of England and Wales Is Made Essay Example | Topics and Well Written Essays - 1250 words

How the Law of England and Wales Is Made - Essay Example The paper tells that businesses in Wales and England have a different form of ownership that depends on the required level of control and the availability of funds. The variation in the form of ownership determines the rules suitable for a particular business according to the legal system of the countries. The UK parliament is responsible for the creation of laws that govern Wales and England. The parliament is made up of the House of Commons, House of Lords, and the Monarch. The processor creating laws starts with the creation of a bill that has to pass or to be approved by the parliament. Either the bills can be public (presented by government ministers) or private (presented the backbench MPs). English laws can also be created from government policies that have to go through similar approval from the legislature. The bills have to go through first and second readings in the house before being handed to the committee for further debate. From the committee stage, the bill is present ed to the house as a report before it goes through the third reading. After passing through the third readings successful bills proceed to the House of Lords for approval. Finally, the bill has to go through the Royal Assent for it to be adopted as a law. The laws made by the legislature are general laws that govern the countries, however; there are specific laws that are important to the corporate and business world and this fall into the category of business and corporate laws. Creating of business laws is a complex process that requires combined efforts from the business sector and the government’s instruction through the judicial system.