Understanding Company Law and its Aspects is Essential for a Lawyer
Company Law consists of detailed study of various clauses present in Companies Act 2013 and because of this, corporate law forms a major part of a broad company law. Because of this, a corporate lawyer in Dubai has to understand the essential laws as well as regulations to assist a company and its clients to deliver their services by staying in the legal boundaries. In addition, any corporate or business lawyer has to play specific laws or perform duties, which include:
- Ensure Legality in Business
Every corporate or business lawyer has to make sure about legality of various business transactions and essential practices.
- Duties to Each of the Involved Parties
Corporate lawyers have to perform duties to deal with each of the involved business parties. These include assuring about viability in different commercial transactions, giving valuable pieces of advice to corporations about their legal duties and rights. Moreover, any corporate lawyer has to perform duties or fulfill responsibilities of their employers and officers.
- Should Possess Vast Knowledge of Essential Laws
Any corporate legal consultant should possess vast knowledge about different aspects of various essential laws, so that they may perform compliance effectively. These include
- Intellectual property rights
- Security law
- Contract law
- Accounting law
- Taxation law
- Business License
- Bankruptcy law
- Specific laws of the corporate office or business firm
- Maintain Confidentiality between Involved Parties
Any corporate lawyer has to maintain confidentiality about key business information between the involved parties i.e. the company and its clients. This is because; in case clients do not get assurance about confidentiality, they often hesitate to look for legal advice.
Work Performed by Corporate Lawyer at a Glance
Major tasks performed by any corporate lawyer include the preparation of legal drafts, review of arguments, attend business meetings with company’s clients, negotiation of deals and similar others.
A legal professional has to deal with internal legal work on behalf of the company with no or very few litigation tasks. However, any corporate or business lawyer has to assist other or external lawyers of a particular company to deal with legal matters.
Companies and business ventures often approach corporate lawyers to deal with varying legal tasks. These include mergers, joint ventures, acquisitions, corporate taxes, corporate structure problems, takeovers, employment rules and various types of legal matters.
To conclude, we should say that any corporate lawyer is a great help for a company to deal with clients, customers, shareholders, stakeholders and other involved parties in legal matters.